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LA JOLLA, CA-The 270,000-sf project will house the Rebecca and John Moores UCSD Cancer Center upon completion. Slated for build-out in November 2004, the development is rising on 2.4 acres on the East Campus of the University of California, San Diego.
AUSTIN-Joseph Beard, president of Westdale Properties American I, is trying to force a sale of all or part of the Austin sandwich chain. The latest count showed 658 stores in 37 states. The latest balance sheet showed a $240,000 net loss.
DENVER-The San Francisco-based industrial developer has a 294-acre site at the northwest corner of Interstate 70 and the E-470 toll road under contract. The deal is expected to close early this year, with the first building in the EastGate project completed in 2003.
DETROIT-Projects such as the $500-million Ford Field, home of the Detroit Lions, benefit from state help in land reclamation. Easy access to existing infrastructure is an advantage.
ARLINGTON, VA-Developers of One Liberty Center are now in receipt of a financing package for the amount of $76.6 million. The 315,000-sf office building is just one phase of a multi-faceted project that will result in the 1 million-sf mixed-use development Liberty Center.
VALENCIA, CA-FountainGlen Properties of Orange County pays $6.9 million to Newhall Land and Farming Co. for a 7.38-acre site to develop an apartment community for an active 55-and-over crowd.
SAN DIEGO-A state appeals court upholds a ruling declaring that the Coastal Commission's structure violates the state constitution. The challenge was leveled the Building Industry Association of San Diego and four other real estate trade associations.
FONTANA, CA-The Upland, CA-based developer plans to build Sierra Lakes Marketplace near the 2,100-home Sierra Lakes development and $8-million, championship golf course.
CEDAR PARK, TX-Centerpulse, a medical implant company, is looking to get out from under 27.7 acres bought for a manufacturing site that has since been scuttled by lawsuits. The asking price is $2.9 million, which is less than the assessment.
DALLAS-The clock is ticking on the second extension in less than a month for a Dallas-based trio of companies working toward a merger. The last reported count had 1.15 million shares of Transcontinental tendered and 274,346 of Income Opportunity.