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LAKEVILLE, MA-The town is taken by surprise when it is told that the 72-acre former Lakeville Hospital site is being put up for auction to fund a clean-elections campaign. The town just developed a re-use plan for the site.
DENVER-"Builders and developers know they can sell the lower-priced units to first-time buyers, many of whom were apartment renters," Mike Rinner of the Genesis Group tells GlobeSt.com, explaining the 1,504 permits pulled through May.
CHICAGO-Senior Lifestyle Corp. will buy three vacant lots from the city for $99,750 to build a five-story, 88-unit building in the Humboldt Park neighborhood. The sale is recommended for approval by the city council's committee on housing and real estate.
NORTH BRUNSWICK, NJ-The 20,000-sf Commercialization Center for Innovative Technologies is part of the larger 300,000-sf Technology Centre, a project of the NJ EDA.
JAMESBURG, NJ-The four-building complex is set with a five-year package and 25-year amortization that allows for a five-year rollover with a rate reset.
DALLAS-The dissolved Hartex Cos. sells its last multifamily holding, one of 42 quarried from the RTC and savings and loan days. A Montreal family, with a contract on the neighbor, puts up the cash for the 355-unit Brock Bank Apartments in Dallas.
NEW YORK CITY-The US Olympic Committee's upcoming visit spurs a public protest regarding the city's plan to erect a stadium over the West Side Rail Yards. The press conference is scheduled for noon tomorrow in front of the Marriott Marquis hotel.
ORLANDO-Siemens Westinghouse Power occupies the entire 72,000-sf, 14-year-old building developed by Denver-based Alliance Commercial Partners in the Quadrangle Business Park adjoining the University of Central Florida campus in east Orange County. Price: $7.18 million.
SAN DIEGO-Burnham Pacific Properties' liquidation is a done deal. The REIT's board has approved its dissolution and transfer of remaining assets to a liquidating trust.