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SKYESVILLE, MD-The Maryland Board of Public Works gives the go ahead on a $20-million construction contract for the Academic and Administrative Complex of the Public Safety Training Center. The project entails the construction and renovation of about 143,000-sf of space.
LOS ANGELES-A joint venture will close this week on the third SoCal shopping center it has acquired from the San Diego-based REIT, Burnham Pacific Properties Inc.
NEWPORT BEACH, CA-Tiarna Real Estate Services has been chosen to manage an 800,000-sf industrial portfolio, which consists of 28 properties located in the Los Angeles International Airport vicinity.
ORLANDO-Property owners Tony and Virginia Ballestero are selling their landmark outdoor Plaza Theatre on 2.1 acres near Colonial Plaza Marketplace; 4.3 acres of undeveloped dirt near the Hyatt Grand Cypress Hotel; and seven acres at commercially hot Lake Bryan Drive and State Road 535 near Walt Disney World.
ATLANTA-The 50,000-sf central cooling plant and two-mile network of piping will maintain temperature-control at buildings in the 140-acre, downtown redevelopment complex.
BERKELEY HEIGHTS, NJ-The new operation will supplement the Swedish-based transaction technology provider's existing regional data facility in Downtown Manhattan.
CHICAGO-Walton Street Real Estate Fund IV will shoot for 20% returns by buying distressed office and full-service hotel properties. The private real estate investment company envisions a $600-million fund, which follows three funds that raised $1.1 billion.
SPARKS, NV-Exchange Equities I LLC will use the capital to refinance a high-interest acquisition loan that it incurred when it purchased a 184-unit multifamily community in Sparks two years ago.
ODESSA, TX-Lithia of Medford boosts its 2002 acquisitions to nine, adding Odessa and Midland, TX dealerships to the lineup. To date, the company has eight locations in Texas. The newest buys had combined 2001 sales of about $115 million.
ORANGE COUNTY, CA-The region will experience an improvement in both job growth and taxable sales, according to a new report. Recovery will be moderate due to the resilience of the region's economy during the recession.