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DALLAS-Bets are being placed that CSFB will sell its Republic Center before the month's out, but it's not going to be today. The rumored price of under $10 million has Dallas talking. Meanwhile, a 74,000-sf tenant is on board for 10 years.
BALTIMORE, MD-The new $124-million Baltimore College of Dental surgery at the University of Maryland at Baltimore gets underway with a $103 million commitment in funds from the state of Maryland. The 360,000-sf, state-of-the-art facility will debut in 2005.
WASHINGTON, DC-The National Multi Housing Council took its FBI terrorist alert to the streets this week as senior VP Clarine Nardi Riddle urged US mayors for cooperation. Earlier this month, the FBI put apartment owners on alert against a "non-specific" threat.
WESTWOOD, CA-Developer Casden Glendon's plan to build 350 luxury apartments and create 230,000 sf of commercial space here meets opposition from community activists fearing traffic glut.
CHICAGO-Colliers Turley Martin Tucker says first-quarter vacancy in the Indianapolis office market dipped slightly in the first quarter to 17.3%, and other indications are that an upswing may be in sight.
SAN ANTONIO-A transport company takes 12,804 sf in the northeast submarket while a special events equipment rental firm re-ups for 12,000 sf at Rittiman East. The deals are good news, but they don't reflect an absorption since the new deal is a relocation.
CHICAGO-Multifamily properties with seven or more units will eventually be assessed at 26% of market value rather than the current 33%. Whether that helps owners, one expert notes, depends on the new assessments of those properties.
MELROSE, MA- Fidelity Investment's real estate division, Pembroke Real Estate, proposes a mixed-use project for its 15-acre site that straddles this city and Malden. The project involves 579 rental units but the city is looking to get an affordable housing component into the mix.
TUKWILA, WA-The buyer is Washington based Everett Plaza Shopping Center, a general partnership that owns other retail centers located throughout Washington. The seller paid $12.5 million for the property three months ago, according to records provided by First American Title.
FRAMINGHAM, MA- Rosewood Associates tells abutters to the nine-building complex it owns in the downtown area that it is considering residential use for some buildings on the site. The developer has plans on file with the town to put office space there.