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DETROIT-City officials here and in Owosso, MI give their blessings for Detroit's first new recreation center in the last two decades and a retail and residential project to replace the Owosso Hotel.
MIAMI-Bryason Realty Corp. of Boca Raton, FL chips away at the retail market by signing Cora Healthcare to 2,523 sf in West Boynton Beach, FL. The Family Dollar and Cora leases are both for five years with an estimated aggregate value of $1.32 million.
IRVINE, CA-Option One Mortgage, a subsidiary of H&R Block, adds 246,000-sf to its leased holdings at Irvine Spectrum. The space is in new buildings in the development's Discovery Business Center.
HOBOKEN, NJ-The mortgage package for the mid-rise building, which includes ground-floor commercial space, totals $2.1 million. The funding was arranged through Freddie Mac.
DALLAS-The mixed bag of deals brings new tenants for Dallas, Fort Worth and their suburbs. Car Toys decides to pre-lease at a Denton project while MJDesigns opts to split a vacant big box in Arlington.
DENVER-The two hotel operators are the city's finalists for managing the convention center hotel, while Westin and Marriott are eliminated from the short list. A decision is expected early next month.
SCOTTSDALE, AZ-Public Sector Personnel Consultants is planning an early September move into the class A Scottsdale Financial Center. The firm, signing for a 4,015-sf office, will be vacating 4330 N. Civic Center Plaza.
WASHINGTON, DC-American Realty Advisors sells 1100 17th Street--a 138,500-sf, class B structure in the city's CBD--to Northridge Capital in a $30 million deal. American Realty acquired the 12-story, 30-year-old structure a little more than two years ago for $28.5 million.
BELMONT, MA-Looking to increase its tax base, the town gets its wish in the form of a 245,000-sf office/R&D building that just got zoning approval. The project was proposed by O'Neill Properties nearly two years ago for a 15-acre site in Acorn Park.
SALEM, OR-The state agency, forced by the state Legislature to sell its Downtown Portland headquarters and relocate to the state's capital, signs a five-year, $104,000-per-month lease for a yet-to-be built 70,000-sf building on Cherry Avenue Northeast at Salem Parkway. The agency will eventually locate itself in a state-owned building on the Capital Mall.