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SCOTTSDALE, AZ-The New York owners of the Galleria Corporate Centre, a 606,521-sf redeveloped mall, obtains the financing through GMAC Financial Services in a package bundled by Holliday Fenoglio Fowler.
TORRANCE, CA-The hospital calls the 95,000-sf office tower a critical step in the $200-million master plan to renovate and expand the 24-acre, 387-bed medical center at 3330 Lomita Blvd. All work should be completed in March 2004.
LONDON-The long-awaited pounds 500m ($785 million) regeneration of Bracknell town centre has cleared the final hurdle after Legal & General and Bracknell Regeneration Trust agreed terms.
FOSTER CITY, CA-The California Teachers Association takes 20,055 sf on Hatch Drive in a 37,000-sf building that has been vacant for two years and Formation Inc. takes 10,300 sf in Metro Tower, the waterfront city's most prestigious building.
ALBUQUERQUE, NM-Cook Inlet Region Inc., an Alaskan real estate holding company, sells the Broadbent Business Park to a joint venture of Newport Beach, CA-based Bedrock Foundations LLC and Irvine, CA-based Granite Industrial Partners LLC that plans to subdivide the property into individual parcels and sell them off to users and investors.
SAN DIEGO-The overall multifamily vacancy level in San Diego County crept up from 3.5% to 3.9% in the first quarter of 2003, according to new research on the region. However, apartment owners did raise rents an average of 1% during the same period.
PORTLAND-The nonprofit tax credit syndicator says it will provide $15 million in equity over the next several weeks for four more affordable housing projects throughout the Northwest. The 10-year-old corporation just launched its 11th fund.
RANCHO CUCAMONGA, CA-The theater chain becomes the fourth of five anchors for the 1.3-million-sf Victoria Gardens, with the fifth to be named soon. AMC's part of the show is a 16-screen megaplex in the center's entertainment district