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SEATTLE-The proposed International District Village Square II development is planned to include 57 apartments above 7,360 sf of retail, a 4,350-sf public library and a 15,900-sf community center. The City's determination that an environmental impact statement is not necessary for the project is being challenged.
AUSTIN-The convention center complement is moving right along, as is a plan to team the project with a residential tower, a new partnering concept for Austin. When the market's stronger, Fifth Street Tower sales will start.
DALLAS-August will pass without LaSalle Hotel Properties and Le Meridien sitting down at the conference table, as ordered by the Dallas courts. Conflicts on both sides delay talks as they jockey for a mutually acceptable date.
WASHINGTON, DC-Many of the sports venues that would have been constructed to host games of the 2012 Summer Olympics in the Washington metropolitan region may still be developed. Among those are a stadium and arena at the District's RFK stadium, an arena and velodrome in Baltimore, MD and an aquatic center in Northern Virginia.
TOLEDO, OH-The unsecured revolving credit facility, $25 million larger than the one it replaces, will help reduce the cost of capital, says Health Care REIT chairman George L. Chapman.
MIAMI-The 24-month, $30.325 million construction loan on the planned 16-story, 139-unit Downtown Fort Lauderdale, FL project has an interest rate at prime plus 1.25% with monthly interest-only payments required until the balance is due. Loan-to-value ratio is about 80%. Other lenders competed for the loan business.
DENVER-There are peaks and valleys, ranging from a 3.1% vacancy rate in the tiny Glendale submarket to 17% vacancies in Aurora and the southwest corridor.
HOUSTON-Some call it a loss, others say it's just a possibility that never materialized. The impact on the city's commercial real estate sector is negligible, says an industry leader. The question now is what happens to the Astrodome.
SAN JOSE-The developers Santana Row, a major residential and retail complex that lost its largest building to a fire last week, push back the grand opening from Sept. 19 to Nov. 7.