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SAN JOSE-The City of San Jose pays the Santa Clara Valley Transportation Authority approximately $8.5 million for a five-acre parcel on which it plans to develop affordable housing. The VTA, meanwhile, is using the proceeds to buy railroad right of way.
SEATTLE-DPR Construction, Inc. will build a 33,000-sf medical office building for Rainier Orthopedic Institute in Puyallup, Wash. Designed by Taylor Gregory Architects, the facility is scheduled to break ground in early 2003.
HOUSTON-The JV will be shopping the southern half of the US for high-quality, grocery-anchored shopping centers. AEW is kicking in equity on behalf of a Fortune 50 pension fund client. Weingarten will buy and then lease and manage.
BARRINGTON, IL-The Illinois Health Facilities Planning Board is weighing a three-story expansion to Good Shepherd Hospital that will include an operating room for open-heart surgery. Some of Advocate Health and Hospital Corp.'s competitors are against it.
SAN ANTONIO-South Texas Money Management is sliding into 6,000 sf for 100 W. Olmos Dr., an 18,000-sf office building on the CBD's outskirts. With the new lease, the building is 85% occupied.
WEST VIRGINIA-Low-income housing projects totaling $3.5 million in Martinsburg, Morgantown and Spring Hill get an added boost with Federal Home Loan Bank of Pittsburgh's approval of about $353,000 in grants.
PHILADELPHIA-Through a subsidiary that already owns seven hospitals here, the Santa Barbara, CA-based hospital management company adds the 112-year-old, 125-bed medical center at 5800 Ridge Ave. to its Pennsylvania portfolio. Tenet will also keep the Roxborough School of Nursing.
DALLAS-The 90%-occupied Mountain Valley apartment complex gets a buyer armed with $1 million to renovate a 17.3-acre holding in South Dallas. Eureka Holdings is the buyer. A private investor from Boston is the seller.
SAN DIEGO, CA-Private investors Steven Lizanich and Michelle Hayden of Del Mar purchase the circa 1927 multifamily complex, which was originally built as the officials' quarters for the World Expo.
AUSTIN-Amil International Insurance Co. is weighing whether to build or buy. Until a plan is in hand, the health-care insurance provider is staying put in 15,490 sf in the north submarket.