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WASHINGTON, DC-The once-popular but recently closed Hogates Seafood Restaurant gets snapped up by the National Capital Revitalization Corp. in a $5.5 million leasehold deal. NCRC will sublease the property before redeveloping it and surrounding acquisitions as part of the Anacostia Waterfront Initiative.
LAFAYETTE, CA-After 10 years of meetings and revisions, the City of Lafayette has completed the final draft of its Draft General Plan and Draft Environmental Impact Report, finally revealing its contents to the public.
LAS VEGAS, NV-The newly formed Windrose Medical Properties Trust of Indianapolis closes on four medical buildings here totaling nearly 165,000 sf. The tenant in all four buildings is Sierra Health Services, Nevada's largest health maintenance organization.
DALLAS-Crews depart the South Tower, where a $325,000 lobby makeover and mechanical upgrades cap 2 1/2 years of construction for the sister high-rises along Central Expressway. The 75%-leased center has more deals en route.
ESCONDIDO, CA-An LLC and an LP acquire the circa 1986 property, which is known as The Acres. The new owners plan to make cosmetic upgrades to the complex, as well as fix some minor deferred maintenance.
CHICAGO-The 34th Ward is one of the last to receive a tax increment financing district, which have sprung up throughout almost every other neighborhood in recent years. Redevelopment efforts centered near 123rd Street and Ashland Avenue are among those expected to benefit.
LOS ANGELES, CA-The Downtown L.A. development company buys its partners' interests in the 45-story, 1.1-million-sf office building for full control of the 18-year-old property designed by Skidmore, Owings and Merrill.
JESSUP, MD-Giant Food Inc. breaks ground on a new 370,000-sf distribution center that will cost a reported $45 million to develop. The new 73-acre perishables facility will replace the company's aging Landover, MD center, and will ultimately employ 550 workers.
DETROIT-The vacant Sinai Hospital at McNichols Road and Hubbell will be torn down, with a new $110-million Renaissance High School campus and new student care building to be constructed by 2005.
BRENTWOOD, CA-A proposed 496-unit planned development here is up in the air after residents gather enough signatures to put a necessary zoning change up to a citywide vote.