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BEE CAVE, TX-The St. Louis retail giant withdraws from the contest to anchor the Hill Country Galleria, a proposed 114-acre mall in Bee Cave. The project is one of the nation's most watched as the developer courts anchors with $25 million in sales tax abatements.
SANTA FE SPRINGS, CA-Proficiency Capital acquires the 22 acres from Wald Realty Advisors and BreitBurn Land. The buyer plans to build industrial space on former oil and gas fields that Wald and BreitBurn remediated and entitled for 400,000 sf of new construction.
BERKELEY, CA-The new building, located at 725 Potter Street and leased by Bayer Diagnostics Group, sits within the 14 building, 500,000-sf Aquatic Park, a $75-million project by Wareham Development.
NORTHFIELD TOWNSHIP, MI-The popular US-23 corridor corner needs to be expanded, say four development companies, and they don't want to keep projects on hold for almost two decades while the state goes through its road wish list.
AUSTIN-The 4,200-sf branch will rise on about 1.8 acres at 205 W. Ben White Blvd. in the south submarket. When the work's done, the Randolph-Brooks Federal Credit Union will have an 18-branch network.
SCOTTSDALE, AZ-The undertaking will add 1.8 million sf of office, industrial and retail space, 400 hotel rooms and 1,100 homes. Developer DMB Associates of Scottsdale is now poised to begin work on one of the largest raw tracts left in the city.
DALLAS-D&S Performance, an after-market shop for Harley-Davidson motorcyle parts, decides to buy a property practically right next door to its North Dallas address. With Lowe's as a possible neighbor, the timing was right for buyer and seller.
BOSTON-Despite a number of reservations, it looks like the new home for the Suffolk Superior Court could be a 135,000-sf building at 51 Sleeper St. The court's lease on the John W. McCormack Federal Building in Post Office Square is nearly up.
CHICAGO-The Chicago Public Library signs two lease deals for space on the Northwest Side, wrapping up 11,605 sf at an average rate of $13.39 per sf. Included is a 7,605-sf renewal at 4400 W. Lawrence Ave. in the Albany Park community.
ATLANTA-Taking advantage of a depressed industrial real estate market in Henry County, the retailer is renewing a seven-year contract that has an estimated aggregate value of $4.18 million.