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AUSTIN-A New York investor steps up to buy a 9,214-sf building along Camp Craft Road. The buyer gets a tenant signed to a five-year lease. ASC Management was seeking $1.7 million for the one-year-old structure.
OAKBROOK TERRACE, IL-Properties in three states, including Walgreens drug stores in Amityville, NY and Andover, KS, are acquired by buyers involved in tax-deferral strategies. Also traded is a Baker's Square restaurant in southwest suburban Orland Park.
GRAPEVINE, TX-Gaylord Entertainment shaves roughly three months from its construction schedule, marking April 2, 2004 for the opening. A reinvigorated balance sheet helps push a project caught in heated competition for Texas convention trade.
SANTA ROSA, CA-Alleged building and safety code violations and environmental concerns at the site of a Pomo Indian casino are generating concern as the casino enters its construction stage.
ORLANDO-The locally based timeshare developer is officially out of U.S. Bankruptcy Court jurisdiction today and plans to relocate its corporate headquarters to Las Vegas by year end, even as its $150 million civil lawsuit in federal court, Orlando, continues against Arthur Andersen.
CHANCELLORVILLE, VA-Conservationists join forces to create The Coalition to Save Chancellorsville Battlefield, historic land that was the site Stonewall Jackson's killing during the Civil War. A developer is proposing converting the property to office, retail and residential space.
SEATTLE-Krispy Kreme Doughnuts petitions the city for a master use permit to build a 4,300-sf store in North Seattle on 125th Street and North Aurora. It will mark the company's third foray into Washington state.
SAN DIEGO-In one of the most sweeping local uses of a 1031 tax exchange transaction, seven apartment properties involving 10 ownership interests have changed hands in North San Diego.
SAN FRANCISCO-The standoff between San Francisco's mayor and supervisors over the city's powerful planning commission continues. Nearly a month has passed without a working body to decide on permits.
BOSTON-Emerson College plans to reclaim its space at 120 Boylston St. as the leases expire. One of its current tenants, American Public Television is relocating to 55 Summer St., where it will lease 11,998-sf of space.