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LIVINGSTON, NJ-The 190-key property, owned by a partnership led by an affiliate of Kushner Cos., recently underwent a $25 million rehabilitation and reconstruction.
ALAMEDA, CA-The Alameda County General Services Agency and an Oakland construction firm have negotiated a long-term lease deal, which real estate experts say is one of Oakland's largest deals ever.
ORLANDO-The company brokered three all-cash transactions for an average $109,628 per acre. Land sales have doubled over the past 10 years as new ventures discover the area, located 25 miles west of Downtown Orlando.
SEATTLE-While funding for the project has not yet been determining, city officials and local property owners are touting Seattle Mayor Greg Nickels' proposal to build a $40-million streetcar track for its revitalization potential.
Denver-The office corridor between Denver and Boulder ends 2002 with a vacancy rate of 52% when subleased space is included. It is reported to be of one of the highest office vacancy rates in the country.
DETROIT-Bill would expand protected property to Lake Erie Islands, the Monroe County shoreline, areas of the Detroit River and more; land must be released voluntarily.
CHICAGO-Lee Wagman, president of Trizec Properties Inc.'s retail and entertainment group, plans to leave Trizec to launch AGC Realty Advisors next month. The sale of Paseo Colorado last week leaves the office REIT with two remaining retail and entertainment assets.
ORLANDO-Locally based Eadith Properties sold the 20-year-old, 60,000-sf office/warehouse complex at State Road 50 and Mercy Drive to East Colonial Partners LLC for $36.16 per sf, about half of the estimated replacement cost.
CARTERET, NJ-This city's council has approved a measure designating a partially vacant brownfields tract for a makeover into a so-called "transit village.
CHANDLER, AZ-Michael A. Pollack is sitting in front of the drawing board for a redevelopment project of a 61,000-sf strip mall at 1004 N. Arizona Ave. Pollack paid $3.6 million to Orsett Southwest for the 1960s product.