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CHICAGO-The John Buck Co.; the team of Higgins Development Partners and General Growth Properties, Inc.; Thomas J. Klutznick Co.; and the team of Mills Corp. and residential developer MCL Cos. make the first cut in the city's quest for a new master developer of 108 N. State St.
ORLANDO-The Dallas-based builder formally opened its first two models Thursday at the 70-unit Park Maitland Villas in suburban Orlando, seven miles from Downtown. Strong demand is moving Centex to start selling units at a planned second similar venture in May.
MINNEAPOLIS-The venture could create new income streams for property owners and developers in the St. Louis, Kansas City, Indianapolis and Cincinnati markets, as well as communication services to 2,500 units in each of those areas.
NORTHFIELD, MN-The Temple, TX-based grocery and food service distributor pays an undisclosed price for Holiday Cos.' Fairway Foods facility with plans to convert it to a distribution center for the convenience store industry.
PISCATAWAY, NJ-BetaWest's interest in the two buildings, which total just under 236,000 sf of class A space, is now in the hands of a joint venture between Lincoln Equities and Investcorp.
BREMERTON, WA-City Council members have delayed a decision on a zoning change that would allow public buildings--such as schools, libraries and fire stations--to become office space.
WASHINGTON, DC-City officials have just revealed the $49 million joint acquisition and renovation of Capital Heights Village complex. The 406-unit apartment compound is part of the DC Housing Finance Agency's multi-million dollar effort to preserve Section 8 housing in the Columbia Heights Area.
PORTLAND, OR-The local office market experienced positive absorption, although just 6,400 sf, for the first time in the past twelve months, according to the latest report from the local office of Colliers International.
ATLANTA-The fifth annual Asia Pacific Hotel Industry Investment Conference selected the Six Continents Hotel executive for his ongoing pioneeering hotel development concepts in Indonesia, Thailand and Malaysia.
ORO VALLEY, AZ-A broker on the deal says the 144-unit, fully leased Pusch Ridge Apartments is the Tucson area's premier complex. The Beverly Hills, CA buyer thought it was a good enough deal to trade a retail building for the purchase.