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LOVELAND, CO-A large rounded entry rotunda capped by a glass pyramid is the hallmark of the new 95,000-sf Police and Courts Building, which also houses county courts, probation department and district attorney.
WILMINGTON, DE-The 440,000-sf, 22-story Chase Manhattan Centre, once the city's tallest high-rise, is up for sale and has a taker who is reportedly prepared to pay $82 million for it. If all goes as planned, the property will change ownership from Lend Lease Real Estate Investments to McConnell-Johnson within the next several weeks.
DETROIT- Quizno's Subs plans 90 store openings in Michigan by 2005, already leasing 21 locations through Friedman Real Estate Group of Farmington Hills. Meanwhile, Brake Depot ordered to close seven repair facilities in the state.
IRVINE, CA-The locally based real estate investment and management company reports a net loss of $2.1 million for the first quarter of this year. It is the company's first full quarter of operations following the October 2001 consolidation of the Nooney and Sierra limited partnerships with American Spectrum Realty Inc.
LAGUNA WOODS, CA-The 41,280-sf medical office facility stands on a 2.7-acre parcel at 24331 El Toro Rd. Constructed by Snyder Langston, the project took nine months to build.
DALLAS-A Dallas investor pays $22,250 per unit for a complex built in stages between 1962 and 1965. The San Carlos Apartments in Oak Lawn is another value-add acquisition in the steady trading of class B and C properties now dominating deals in the region.
AUSTIN-The Springfield, MO-based hotelier has dibs on a tract in Kucera Co.'s 110-acre development near the airport. Some 250 to 300 suites in a 19-story design are being planned for a mid-2004 delivery. The hitch is the project's height.
NEW HAVEN, CT-Two Connecticut rental apartment complexes--one in Ledyard near the Foxwoods Casino complex and another in the Litchfield County community of Woodbury--sell for a combined $13,275,000.
ST. PAUL, MN-The city also will convert a $3-million loan into a grant after tax increment financing money shrinks. The $170-million mixed-use development is adding 600 housing units to the city's riverfront.
CHICAGO-Milwaukee-based Asset Development Group, Inc. closes on 166-site Lannon Estates in Lannon, WI and 128-site Oak Ridge Mobile Community in Fort Atkinson, WI 40 days after making a loan application to Tremont Realty Capital, Inc.