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CHICAGO-The new owners of 4701 N. Sheridan Rd. plan a six-story building with ground-floor retail space and units ranging from $130,000 to $350,000. A former restaurant was acquired for $1 million last summer.
ATLANTA-Post Properties Inc. founder John A. Williams has filed suit against the company and its directors, who had planned to vote Saturday to oust him as chairman emeritus and cut off his $150,000-a-year stipend. Williams won a temporary restraining order to stop the vote.
PASADENA, CA-The managed care provider has cleared a five-year lease for 17,000 sf in Koll Center Pasadena, planning a midyear relocation from a small office building it just sold along Arroyo Parkway.
ATLANTA-Gaedeke Landers LLC of Dallas and PM Realty Group of Houston convinced the Boston-based software services company to remain at the 305,480-sf Platinum Tower for another five years at an estimated aggregate rent of $1.86 million.
CHANDLER, AZ-The bank pays more than $8 million to two landowners for the northwest corner of Queen Creek and Price roads in Chandler. By May, ground will break on 550,00-sf first phase to a planned 1.2-million-sf corporate campus.
SAN DIEGO-The Unified Port of San Diego will kick off the repair project next Tuesday. Slated for an August 2003 completion, the project will involve the improvement of the pier's structural components and utility systems.
CLERMONT, FL-The Malik family of Leesburg, FL and McCartney Construction Co. of Gadsden, AL expect to break ground this year on an $8 million, 87,000-sf retail, office and apartment venture that will be built near the entrance to the South Lake County city.
TEMPE, AZ-The firm didn't have to roam far to find the expansion space that it needed. The five-year lease covers 40,000 sf in a building just 150 yards away from its old address. Expansion room, freeway exposure and aggressive pricing close the deal.
COLORADO SPRINGS, CO-Progressive, an auto insurance company, is driving through plans for a 300,000 SF, three-building office campus on a 30-acre site in this community.