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ELK GROVE VILLAGE, IL-Chicago-based builder Tantillo Homes Inc. pays $73,394 per unit for the complex that includes one- and two-bedroom multifamily rental units. The deal is at a 6.8% overall capitalization rate.
CRANBURY, NJ-In a market overloaded with vacancies, the developer is counting on the lack of office space in a submarket much better known for its big box industrial deals to make it work.
HILLSBORO, OR-Continental Real Estate Companies still must acquire the 17-acre property and Meier & Frank still must sign a formal lease agreement, but Continental President David Kass tells GlobeSt.com the department store chain has otherwise committed to anchor the would-be 370,000-sf retail center.
BELLEVUE, WA-The division of Pacific Theaters Corporation was slated for 86,000-sf movie theater on the ground and mezzanine levels in the 315,000-sf retail portion of the 1.4-million-sf Lincoln Square project, construction of which was halted last summer.
WASHINGTON, DC-Law firm Blank Rome LLC stakes a bigger claim in a 12-story building within the Watergate complex to house its staff, recently made larger by its acquisition of Dyer Ellis & Joseph PC. The firm will occupy a handful of floors accounting for 80,000 sf of space.
BASTROP, TX-At completion, Chestnut Square will have a four-screen theater, 16 bowling lanes, 3,755-sf arcade, 5,000-sf room for staging events and a food court. The center is based on a concept of American Family Entertainment Centers.
HOUSTON-Clint H. Harrington of McCord Development will lead the 560-member BOMA chapter as president, replacing Steven M. Seltzer of TPMC Realty. This year's president-elect is Ted Freyer of Crescent.
MIAMI-Flagler Development Co. of Jacksonville, FL has purchased the 50% interest it didn't already own in three, 180,000-sf buildings here from Duke Realty Corp. The buildings, built in 1999, are 100% leased.
KATY, TX-The 312-unit, Trammell Crow Residential project is designed with a western ranch for its gateway positioning in front of an equestrian center. NorthMarq Capital arranged the loan with David L. Babson/Mass Mutual's Dallas office.
AUSTIN-Sequence Design Inc., a software developer for designing computer chips, has leased 2,800 sf at Barton Oaks Plaza One, a Crescent Real Estate Equities' building at 901 S. MoPac Expressway in the southwest submarket.