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SARATOGA, CA-The Saratoga Chamber of Commerce is actively looking for a new headquarters, as it waits for a city council decision that may exponentially increase its Lilliputian rent.
ATLANTA-The former Saint Margaret's Hospital in Montgomery, AL, which lay vacant for 13 years, is undergoing a $28-million conversion into a new state criminal justice facility. The 400,000-sf building is expected to be completed by the end of 2003.
AUSTIN-CLB Partners ends a six-month delay to start a 14-story mixed-use project at the corner of Fifth and West streets in the CBD. The project is designed with 62 flats and 20 two-story loft homes plus street-level retail.
CHULA VISTA, CA-The 20-year-old, 96-unit property sits on 8.78 acres and is 100% occupied. Apartment sales in San Diego County reached the highest level in 17 years this past quarter.
DETROIT-Grubb and Ellis notes the Livingston County area is seeing growth in population and building as development moves west from Detroit and suburbs. It's enough for the company to start tracking the industrial market.
MIAMI-The $2 million, 10-loft Vilamur and $3 million, 20-loft Vilasol sister projects will be located on Collins Avenue in Miami Beach. Occupancy is slated for spring and winter 2004. The projects are both designed by architect Luigi Vitalini.
ORLANDO-The 1.1-million-sf Orange County Convention Center and the 400,000-sf meeting/exhibition complex at the seven-month-old, 1,406-room hotel near Walt Disney World are competing fiercely for bookings.
GILA BEND, AZ-The plan is to develop residential and commercial components on the acreage, once a well-known spot for stars such as John Wayne. The land, about an hour's ride from Phoenix, was bought by an Atlanta developer.
CHICAGO-The deal is expected to help pave the way for a long-awaited sale of the 1-million-sf office tower at 111 E. Wacker Dr., part of the Illinois Center complex that includes 233 N. Michigan Ave., which sold for $175 million.