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SAN DIEGO-The developer is gearing up for completion of its Island Village Apartments complex, which is rising at 1225 Market St. in Downtown San Diego. On completion, the property will contain 281 furnished studio apartments priced for low-income residents.
OAKLAND, CA-Oakland's former Sears Roebuck store, which has been vacant since 1993, reopened this weekend as Telegraph Lofts, a mixed-use project featuring 54 lofts and seven retail spaces.
VANCOUVER, WA-Replacing Rite Aid, which leased 35,000 sf, Ross is scheduled to open a 30,187-sf store this fall at the 164,400-sf mall owned by C.E. John Co. It will be the second Ross store in the Vancouver market.
TEQUESTA, FL-Woolbright bought the 109,937-sf shopping center here from Jacksonville, FL-based Regency Centers LP for about $68 per sf. Located in an affluent area, the center is anchored by Publix and Beall's Outlet.
FORT WORTH-The Hispanic retail community delivers two tenants for the Fort Worth Town Center, bought a year ago for a repositioning play. A closed club will reopen as an OK Corral while a shuttered theater's lights are flicked by what could be a new chain.
LANHAM, MD-The 4260 Forbes Blvd. hits the market less than two years after its development and sells for $7 million. The fully leased 55,000-sf single story office/R&D/distribution structure sits near US Rte. 50.
NEW YORK CITY-Apollo and the Related Cos. will sell 49.5% of the project's 347,000-sf retail space, 211,000 sf of class A, non AOL Time Warner office space, the three-level parking structure, as well as a $359-million stake in the development's $1.2 billion GMAC loan.
DETROIT-DNR Director says oil and gas wells mined on public land are key to revenue stream to buy public property for parks and trail systems, recommendations forwarded to legislature.
HOUSTON-Infometrics Market Center, eight years in development, is introduced to Houston by Moody Rambin Interests. The Web-based tool delivers real time data for leasing, marketing and property management.