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LONDON-Planning permission has been granted for a new 50,000-sf building at the northern edge of the Oxford Science Park, developed by a joint venture between Magdalen College, Oxford and the Prudential.
SAN DIEGO-Stephens Properties LP acquires the property from M.V. Phoenix Associates LLC, which originally purchased the asset for $5.5 million in December 2001. Located at 3517 Camino Del Rio South, the property was 92.7% leased at the time of sale.
DALLAS-Elman Investors of New York City says the Nortel building could have been saved. Nonetheless, the investor is far from "sour" on Dallas, taking a 100,000-sf office deed practically in sync with last week's foreclosure.
ANCHORAGE-The New York City-based firm in the business of owning buildings leased to the federal and state government pays $11.4 million for an 80,900-sf office building here that is 100% leased by the U.S. Dept. of Fish & Wildlife.
SEATTLE-The hotel is planned for 12th Avenue Northeast near Northeast 50th Street and the apartment complex for Northeast 65th Street at 10th Avenue Northeast. Both projects go before the city's Design Review Board today (Monday, April 7).
PORTLAND-The executive director of the city's urban renewal agency tells GlobeSt.com he expects the end of the recession will mark the beginning of a true convention center hotel--one that can dedicate 500 rooms for conventioneers.
DeKALB, IL-Park 88 is being built by a joint venture that includes Venture One Real Estate and Claycorp Inc. on 425 acres near the I-88 interchange at Peace Road.
SAN FRANCISCO-An industry source close to building owner Tishman-Speyer Properties tells GlobeSt.com the company technically went into default on the largely vacant 727,242-sf development before reaching an agreement with the lender to take it out and maintain ownership until it is sold.