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SAN FRANCISCO-The San Francisco Board of Supervisors will let the controversial movie theater conversion proposal rest for another week before it makes a decision that will undoubtedly displease someone.
SAN FRANCISCO-Round Table Pizza has signed a new long-term lease with Equity Office Properties that will move the pizza chain's corporate headquarters from Walnut Creek to Concord.
WEST LOS ANGELES, CA-Alliance Commercial buys the 148,727-sf, garden-style project for $21.8 million and secures $22.5 million in financing to cover a major rehabilitation of the 22-year-old property.
ARLINGTON, VA-Ballston Tower goes on the market and commands a reported $49.5 million. Partners Monument Realty, Apollo Real Estate Advisors, and Prudential Real Estate Investors sell the 225,00-sf structure to Consortium Capital. The class A building is fully leased to E*Trade through 2013.
WOODLAND HILLS, CA-Kearny Real Estate Co. and the Morgan Stanley Real Estate Funds buy the 15-building 468,889-sf Warner Center Business Park for an undisclosed sum, but knowledgeable sources peg the figure at between $55 million and $60 million.
DETROIT-The state's Department of Agriculture is offering money to local communities to buy unused farmland and protect it against commercial development. The first grant cycle will likely occur no earlier than 2004.
HOUSTON-NewQuest Properties finds three additional tenantsNothing Over $1.00, CiCi's Pizza and Radio Shack--for its Antoine Town Center retail project. The 116,251-sf shopping center is set to open this Thanksgiving.
THE WOODLANDS, TX-A former executive of the Woodlands Operating Co. acquires more than 25 acres for development of a 135,000 sf shopping center with pad sites on College Park Drive at Interstate 45.
MIAMI-The American Ventures Fall Investment Conference was held recently at the Biltmore Hotel in Coral Gables, FL. Top real estate investment professionals spoke about investment "best practices" to invited industry guests from across the country.
LONDON-Von Essen Hotels has paid a rumoured pounds 50 million ($79 million) for two of the country's top hotels, Cliveden and the Royal Crescent in Bath. Von Essen now has a portfolio of six luxury properties across England and Wales.