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PHOENIX-The Desert Sky Esplanade, due to deliver in January 2002, is down to 8,000 sf in two spots. Party City signs for 12,000 sf of anchor space while Washington Mutual and AT&T sign 4,000 sf apiece.
BOSTON-More space is coming to the retail market as the Limited's lease at One Faneuil Hall Square is about to expire. The seven-story, 42,205-sf building is located in Faneuil Hall Marketplace, one of the country's busiest retail areas.
PORTLAND-The plan will guide development of the 140-acre sliver of run-down industrial land tucked between Interstate 5 and the Willamette River, a portion of which will be developed for Oregon Health Sciences University, the region's largest employer.
SAN FRANCISCO-The San Francisco Board of Supervisors has decided that it is in the city's best interests to pursue a $9-million environmental study for the proposed South Basin Bridge, which may increase the chances of bringing the San Francisco 49ers football franchise to Hunter's Point.
OKLAHOMA CITY-A father-son team replaces bank financing with a permanent loan for an office portfolio bought earlier this year from Praedium as a starting point for class B buys. Four more buildings are under negotiation in Dallas and New Orleans.
MANASSAS PARK, VA-Construction of Manassas Park Apartments--a $38 million, 350-unit multi-family project by Fairfield Residential--gets underway, and gets an extra boost in the process with a $7.6 million equity investment from the Tuckerman Group.
HOUSTON-An existing relationship between Yancey-Hausman and the building owner delivers the leasing and property management contract without competitive bidding, GlobeSt.com is told. The class B asset is 70% occupied.
FRANKLIN TWP., NJ-Whitehall Gardens Apartments, totaling 384 units, was recently completed and opened for occupancy. The TRI Capital-arranged funding is a conventional cash payment refinance with an adjustable interest rate.
LONDON-Morley Fund Management and Gazeley Properties--the European property arm of Wal-Mart--are to develop a prime 20.5-acre industrial/distribution site on the M25 London Orbital Motorway in Waltham Cross.
ELK GROVE, CA-Without significant commercial development, including stores and office space, is it really a self-sufficient community? Residents of Laguna West say no, and are opposing a proposal to develop more residential space at the expense of commercial space.