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LAS COLINAS, TX-A Las Colinas building actually had the nod six months ago, but the final call took some talking for the relocation and office consolidation of LSG Sky Chefs. Now, the race is on to beat an April 30 lease expiration in Arlington.
WOODLAND HILLS, CA-The potential to add apartments to the office and industrial buildings already on the 11-acre Warner Center site was a big selling point, according to one of the brokers in the deal.
COSTA MESA, CA-ARV, an operator of facilities for seniors who require assisted living, says stockholders will receive $3.90 per share in cash. Prometheus currently owns approximately 43.5% of ARV's outstanding shares.
SOUTHFIELD, MI-Ramco-Gershenson Properties Trust acquires 75% equity interest in 342,000-sf East Town Plaza near an I-90 interchange in Madison, WI. The REIT's purchase was made with preferred stock offering money.
FLOWER MOUND, TX-With work going into the final stage, Mattress Giant has joined the line-up at the only power center now rising in the Dallas-Fort Worth area. The end-of-year deal strikes a long-term accord for 4,125 sf of inline space.
GREATER BOSTON-The numbers are in and they're not pretty. Spaulding & Slye Collier International's fourth quarter statistics for the suburban market indicate that the area continues to struggle to fill its excess space.
TACOMA, WA-The Ted Brown Music and Thea's Landing projects receive federal tax incentives from the Washington State Department of Community, Trade and Economic Development. Tacoma is the only place in the region to receive a special designation allowing for such credits.
BIRMINGHAM, AL-Having left the market in 1990, Hilton hoists a new flag today at the former Sheraton Birmingham South, newly christened the Hilton Birmingham Perimeter Park. Flagstone Hospitality Management will manage the RFS Hotel Investors-owned property.
NEW YORK CITY-During the NYSSCPA/FAE Real Estate Conference held here recently, CB Richard Ellis EVP Darcy Stacom noted that while sublet and vacancy rates are still high, the city's prime class A buildings are going strong-- fetching high prices from high-profile tenants.
RANCHO CUCAMONGA, CA-Lend Lease Real Estate Investments buys the 521-unit Jefferson at Empire Lakes complex from JPI Residential. The 12-building property was 65% occupied at the time of sale.