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ST. PAUL, MN-A city-backed project would transform former popular bowling alley, now a frequent destination for police cruisers, into a multifamily complex. Nine of the 36 units on the East Side would have sales prices meeting affordable guidelines.
AUSTIN-An auditor's warning has the Austin-based operation in talks with its lending consortium. There is no danger of a bankruptcy, but there is a level of operational uncertainty until the issues are resolved, says USOL Holdings' CFO.
CARLSTADT, NJ-Amex Computers is using an entire Whitehall Industrial Properties building in this Meadowlands submarket community as its headquarters facility.
London-A private investor has bought Morley Fund Management's 33,000-sf investment at 7-10 Waterloo Place in St James's for pounds 19 million ($27 million).
DENVER-The Panorama Park class-A office building at 9195 E. Mineral Ave., which the now-bankrupt Rhythms NetConnections is believed to have spent nearly $15 to build but never occupied, is bought by the South Metro Fire District for $5 million--$49 per sf.
SAN RAFAEL, CA-The Regents of the University of California now hold complete ownership of Mill Valley's Strawberry Village, after Seagate Property sold its minority interest.
VISTA, CA-Growth-related issues like traffic and housing cost have been a major factor in whether companies decide to expand within San Diego County or relocate here from out of the area. Such decisions are paramount for commercial brokers, developers and investors making decisions on projects and transactions.
MEDFORD, MA-Development of Telecom City, the $750-million project planned for 200 acres in this city, Malden and Everett, takes a big step forward as the contract to reconstruct the access road to the development is awarded.
MIAMI-Chicago's Plato Foufas & Co. and New York-based ING Realty Partners sold the 28-year-old, 871-unit, five-building Biscayne Place in North Miami, FL for $55,253 per unit in what is believed to be the largest apartment deal in Miami-Dade County this year.