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KEIZER, OR-After a technical error is pointed out by officials of the neighboring city who oppose the project, the Keizer City Council this week is forced to postpone its decision on turning 235 acres adjacent Interstate 5 into a mix of industrial and commercial space.
ATLANTA-Area brokers familiar with the Downtown submarket tell GlobeSt.com on condition of anonymity the leases are for an estimated 10 years at quoted rents of $22 per sf with a combined estimated value of $50.6 million, making the deal among the largest to date in metro Atlanta.
NEW YORK CITY-Locally based Thurcon Properties sells off nine apartment buildings to Greystar Real Estate Partners for $240 million. It's the South Carolina firm's first Manhattan real estate acquisition.
SANTEE, CA-Santee Partners, an East County developer, plans to buy 21 acres of county land near a hospital for a residential and commercial project. The firm, which outbid a handful of competitors at a county auction this week, will pay $100,000 for a one-year option on the land.
ORLANDO-The Orlando developer paid Curry Ford Associates $3.1 million or $41.05 per sf for the 75,500-sf Curry Ford East and University Square Associates $3.35 million or $36.81 per sf for the 91,000-sf University Square Shopping Center.
DALLAS-The acquistion includes the corporate headquarters of the Mesquite, TX-based printing company and two additional manufacturing facilites in a 20-year lease-back deal.
MIAMI-The city has come back from November 1996 when elected officials declared a financial state of emergency with a projected accumulated deficit of $68 million or 25% of the budget for 1997. For real estate investors, the Standard & Poor's ranking to positive from stable is considered good news.
GRAFTON, MA-As part of an ongoing effort to fund the Clean Elections law, representatives of Democratic gubernatorial candidate Warren E. Tolman seize 242 acres that it is considering for auction. Stunned local officials charge that the move is politically motivated.
PHOENIX-TFG Partners has purchased a property with a small bank branch building on it. At the time of the purchase, the buyers were able to lock Compass bank into a 20-year lease at the building.