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CHICAGO-June was a relatively slow month at the plan commission, as plans calling for 208 units in Lakeview and Oakland-Kenwood are recommended for approval. Next month, the panel could consider plans for 1,100 units.
REDMOND, WA-The three-year-old development wasn't intended to be a build-to-suit, but after Microsoft committed to lease the whole thing it was built out largely to the software company's high-end specifications. Hines estimates replacement value at more than $300 per sf. The sales price is expected to top $100 million.
BEVERLY HILLS, CA-More than 40 leading investors, builders, brokers and will speak at the "Apartments 2002" conference Sept. 19 at the Beverly Hilton Hotel.
PORTLAND, OR-The national provider of assisted living services says the retrenching has been under development by new management for three months and that the personnel reductions are expected to result in savings of over $1.3 million per annum.
CITY OF INDUSTRY, CA-Rexford Industrial LLC acquires two warehouses for $8 million from Lend Lease Real Estate Investments. Rexford Plans to invest $100 million in its first year.
EUGENE, OR-The local real estate developer's preliminary plans show office, retail, condominiums, apartments and an assisted living facility. Arlie says it will likely sell off pieces of the site to others who will construct most of the buildings.
HOUSTON-The Royal Oaks Village on Houston's West Side is getting a larger-format version of the Champps Americana restaurant. The 10,000-sf model is going up on a 1.5-acre pad site on the southeast corner of Westheimer and Royal Oaks drives.
NEW YORK CITY-Clothing exporter International Trade Resources doubles its previous warehouse/distribution space with a 10-year lease at 360 Southern Blvd. in the Bronx. The former Farberware headquarters building was sold in 1997 to Gladiator Realty.
FORT WORTH-The Hudgins Co. breaks ground next week on the first multifamily complex to rise in the City View section of southwest Fort Worth since 1999. The Malone-financed project gets going with a 40-year loan at 7% interest.