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WASHINGTON, DC-The 650,000-sf, $275 million Gallery Place Project attains its final financing as the city sells $73.6 million in Tax Increment Financing bonds.
PONTIAC, MI-One of richest counties in the US records higher gains again, which Oakland County Executive L. Brooks Patterson says is encouraging in the face of the national economic downturn.
ATLANTA-In a $1.5 billion investment, the Columbia, MD shopping center developer acquired eight regional properties including the 1.32-million-sf Streets at Southpoint in Durham, NC; six major sites in other markets; and raised its equity share in the 31-year-old, 1.48-million-sf Perimeter Mall, Atlanta.
MIAMI-Metropolitan Life Insurance Co. of New York sold the three-story, 69,708-sf, 87%-leased Brandywine Center I office/restaurant complex in West Palm Beach, FL for $7.04 million or $100.57 per sf in March, as GlobeSt.com previously reported.
SCOTTSDALE, AZ-A 114,000-sf, Star of David-design building reaches a construction milestone at the Ina Levine campus in Scottsdale. The facility will house offices, classrooms and community center.
ISSAQUAH, WA-Soaring costs and controversies are raising doubts about the feasibility of the proposed new Sunset interchange on Interstate 90. Until the traffic issues can be resolved, further development in the area will be handcuffed.
WEST LINN, OR-The council voted unanimously last week to raise the system development charge for parks to $5,817 for each new apartment unit. Previously, it was $2,886 per unit.
PISCATAWAY, NJ-John Turano & Sons, which distributes to several of the country's major retail furniture chains, will move its headquarters and main warehouse/showroom operations here from Brooklyn, NY.
CHICAGO-Except for a 12.7% vacancy rate in the warehouse/distribution sector, investment sales and leasing activity are up, while the industrial vacancy rate rises slightly to 8.7%, according to a first-quarter report by Cushman & Wakefield.
IRVINE, CA-The Canadian company Del Monico Investments snaps up the 21,207-sf building, which stands at 6 Autry. The deal comes as the county's manufacturing sector has entered into recovery mode.