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WESTBOROUGH, MA- MassDevelopment, the state's economic development agency, wants to develop a 27-acre parcel of state-owned land located between Routes 9 and 135 into a residential complex and office development.
ATLANTA-Refinancing for Summit Creek, a 156-unit multifamily property, was arranged by the local office of Encino, CA-based Marcus & Millichap Capital Corp.
BINGHAM FARMS, MI-The plan approved by Malan Realty Investors Inc. shareholders is expected to take two years to complete. The firm hopes to net up to $8.50 per share for investors.
LONDON-Commercial property now outperforms all other UK asset classes on every measure up to 15 years, as the slump in equities continues, according to the latest research from Baring Houston & Saunders.
DETROIT-A prospective bio-medical tenant is getting anxious, saying it is being courted by other technology zones in Kalamazoo and Lansing, areas that are more aggressive about building new projects.
BROOMFIELD, CO-The 150,000-sf club along the Northwest Corridor will become the second largest in the Chicago-based fitness club operator's chain. Completion is scheduled for October 2003.
HARVARD, MA-MCO Associates wants to build a 96-unit condominium complex on the 56-acre parcel it owns on Littleton County Road. The development would be the largest one in this town and would include 25% affordable housing.
RANCHO MIRAGE, CA-The Thunderbird Country Club, which dates back more than 50 years, is currently undergoing a massive renovation. The original structure has been demolished and a new 49,520-sf clubhouse and 6,900-sf fitness center are being built in its place.
SEATTLE-The sale of the 119,000-sf class A office building represents the largest office transaction in the city so far this year, according to those involved in the deal. The five-story structure was 90% leased at time of sale.
VAN NUYS, CA-The buyer is doubling the size of his business from current operations in Burbank, Calif. The building is in a new business park crafted from a former aerospace facility.