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BERKELEY, CA-The Berkeley City Council has responded to the needs of senior residents by approving a mixed-use senior complex on Sacramento Street. The project will cost about $8 million.
BOSTON-As part of the city's ongoing effort to revitalize the waterfront in South Boston, a plan to develop a 50-acre public park on and around the water has been unveiled. The park will connect South Boston to the city's financial district.
BOISE, ID-The local company with strong Colorado ties is considering a $1.2-billion resort in the northwestern corner of the state, which also would be the first ski resort built in North America since the Reagan adminstration.
DETROIT-Two office buildings in Southfield, MI and Flint, MI, as well as a retail center in Woodhaven, MI are used as collateral for $11 million in financing. Prudential Mortgage Co. is the lender on two deals worth $6.35 million.
ORLANDO-Suntel Inc. of Tampa, FL paid $28.33 per room for the 120-room Comfort Inn on Ulmerton Road near the Carillon Parkway Office Park. First National Bank of Florida funded the purchase.
CHICAGO-Capitalizing on soft market conditions, the Great Books Foundation gets a reduction in its lease rate in a deal keeping the organization at 35 E. Wacker Dr. in the Central Loop.
PHOENIX-The inbound tenant will occupy its space in the 230,000-sf, class A office building in August. Teams from CB Richard Ellis' Phoenix office negotiated tenant and building owner terms for the five-year-plus lease valued at $2.3 million.
ORLANDO-The former community development director at Walt Disney World and Terrabrook Inc. takes on similar duties for the Florida development arm of Toronto-based Great Gulf Group which is developing Lakes of Windermere at Horizons West near Disney.
TROY, MI-Kirco hires seven new top-level officers as part of a move to join the industrial, retail and residential development fray. The company also hopes to handle financing and acquisitions.