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ESCONDIDO, CA-One of this North County city's largest and most prominent shopping centers has sold in a transaction valued at $13.75 million. Tenants include Ross Dress for Less, Smart and Final, Plummers Furniture, the U.S. Postal Service and Sizzler.
VANCOUVER, WA-The first law firm is moving to Vancouver's largest office building, Bank of America Financial Center, while the other is moving to the city's newest office building, the West Coast Bank building.
MIAMI-The 19-story, 199-unit Neo Lofts at 10 SW South River Drive will be priced from $118,000 to $425,000 and is being erected at a development cost of $175,899 per unit.
OAK BROOK, IL-A $5.65-million sale of a 322,000-sf industrial property at 6901 Riverport Dr. in suburban Louisville, KY leaves Banyan Strategic Realty Trust with one asset, the Northlake Tower Festival Mall in suburban Atlanta.
ORLANDO-It's a numbers game in the multifamily market. For instance, six-month statistics from Charles Wayne Consulting Inc. of Maitland, FL show the area's 139,368 units are at 89.3% occupancy. But three-month numbers from M/PF Research Inc. of Carrollton, TX put occupancies at 92.2%, still down from 95.1% in December 2001.
SAN FRANCISCO-Supervisors this week set aside motions to override Mayor Willie Brown's veto of big-box store limits and to take over the city's Redevelopment Agency.
MISSION VIEJO, CA-The Mission Viejo retail center sells for $12.3 million. Encompassing 84,812 sf, the shopping complex is currently 96% occupied. Tenants include Kinko's, Hertz Rent-a-Car and Jack In The Box.
DENVER-Although the commercial real estate market appears to have it bottom, Todd Wheeler of Cushman & Wakefield, Lang Wiliams of CB Richard Ellis and Mike Mismash of Swinerton Builders concur an uptick won't be seen this year.
AUSTIN-The Chicago-based apartment developer is back at work, without a joint venture partner on a 220-unit CBD complex with 45,000 sf of retail. But, says AMLI's supervising VP, talks are under way with a possible partner.