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SAN DIEGO, CA-NSD Venture acquires the 12-story office property, which The Shidler Group purchased in June 1999 for $15.5 million. Encompassing 171,039 sf, the building stands on a 3.69-acre parcel in Mission Valley. Tenants here include Blue Shield of California, First Command, Progressive Inc. and Bob Baker Enterprise.
WASHINGTON, DC-A $25 million affordable housing package is made available through the city's Department of Housing and Community Development, and Requests for Proposals go out to potential developers. The funding will provide for new and redeveloped housing for low and very low-income residents.
AUSTIN-The 176-unit Primrose of Shadow Creek has signed 18 tenants to date. The Northeast Austin project is a first for the city and a first in Austin for the Dallas-based developer, Southwest Housing Development.
AUSTIN-Central Texas cities are cutting back on municipal services because of shortfalls in sales tax revenue. The average occupancy of 95% is readily reconcilable with lackluster sales, says one analyst.
NEW YORK CITY-David Hollander ends his eight-year stint at Insignia to accept a senior director position at rival C&W. Cushman's Bruce Mosler says the firm's latest addition brings "superstar talent" that will ensure C&W's long-term success.
SAN JOSE-A 20-member task force may be appointed to plan for future development in the Coyote Valley area of southern Santa Clara County. The City Council will consider Gonzales' proposal at its Aug. 20 meeting.
MESQUITE, TX-Europa Sports Products is moving into 37,800 sf at Eastpoint IV in Mesquite. The move is the first location in the South for the fitness supplements supplier, which occupies 100,000 sf in Charlotte, NC and Fresno, CA.
MIAMI-Minneapolis lawyer William R. Hibbs' A.A. Holdings LLC paid $4.35 million for the 45,000-sf, 98%-occupied structure in Miami's Biscayne Corridor where the city's Performing Arts Center expects to break ground in 2003.