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VANCOUVER, WA-T/A Associates Realty sells The Cove at Fisher's Landing apartment complex to Equity Residential. The property, built in 1993, sold for $70,355 per unit. One broker on the deal describes Vancouver as "one of the healthiest multifamily markets in the country.
LOS ANGELES, CA-The growing Santa Monica firm of Liner Yankelevitz Sunshine & Regenstreif will move its headquarters to Arden Realty's Westwood Center building in nearby Westwood, Calif.
NEW YORK CITY-Housing advocates scored a victory of sorts yesterday when a state agency voted down HFA-approved federal Liberty Bond financing for two Downtown apartment projects. The PACB granted a third project's application for $125 million in bond funds.
MIAMI-Harper, a Coral Gables, FL-based architecture firm that grossed $8.9 million last year, has acquired the 20-person Donahue & Co. design firm of Boca Raton, FL for an undisclosed amount.
ATLANTA-The Oak Brook, IL-based retail REIT paid $57.9 million for a total 372,490 sf leased at 100% in two properties and 95% in the third. The assets are the 247,521-sf Sycamore Commons near Charlotte; the 75,929-sf Wakefield Crossing in Raleigh; and the 49,040-sf Sexton Commons in Faqua Varina.
MARLBORO, NJ-After the general aviation facility's shutdown, the owners want to have the 53-acre site rezoned for a project of 300 or more age-restricted housing units.
PHILADELPHIA-A conservation easement on the estate of the late Henry Francis du Pont is awarded to Chadds Ford, PA-based Brandywine Conservancy, preserving the land and adding to the conservancy's more than 37,000 protected acres in southeastern Pennsylvania and northern Delaware.
CHICAGO-Before heading off to run New York-based Trizec Properties, Timothy H. Callahan has begun collecting on a severance deal worth more than $1.7 million, not counting the value of options on 1.67 million shares of company stock. He is barred from luring former colleagues to his new company through next June.
SAN CLEMENTE, CA-Five tenants have signed leases already that will fill about a third of the space, and brokers expect to have pre-leasing at 50% by the end of September.