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SCOTTSDALE, AZ-Ameriton Properties spends $6.3 million for a 20-acre tract in North Scottsdale. The land buy rolls in the multifamily component to the 160-acre Chauncey Ranch, an area some say could end up the metro region's epicenter.
WAREHAM, MA-The proposal to rezone a 319-acre parcel near Route 25 is taken off Town Meeting. The developers want to rezone the site from three-acre residential to a highway overlay district, which would allow for commercial development, but a town official tells GlobeSt.com that the proposal requires additional studies.
SILVER SPRING, MD-The Washington Metro region's first "green," or environmentally responsible, apartment building is on its way with the start of construction on the 80,000-sf Blair Towns project.
CHICAGO-The overall vacancy rate should include to 5.8% before year's end, predicts Marcus & Millichap Real Estate Investment Brokerage's Apartment Research Report, with the relative strength of the class B and C markets continuing to be the bright spot.
BOSTON-Brown Rudnick Berlack Israels LLP leases 121,000-sf of first class office space at One Financial Center in the heart of the city's financial district. The deal involves the international law firm renewing its current lease of 75,000 sf and expanding its space.
GAITHERSBURG, MD-MedImmune signs off on the closing documents for its new headquarters, which will be located on a 25-acre plot and provide an initial 218,000-sf of administrative and research and development space.
NEW YORK CITY-The IDA approves funding for Staten Island Hospital, Planned Parenthood and two Bronx-based private companies. The aid is earmarked for improvements and expansions and comes in the form of tax-exempt bond financing, real estate benefits and sales tax exemptions.
WASHINGTON, DC-After nine years of calling 1744 R St. home, Trans Africa Forum sells its 15,000-sf headquarters to the German Marshall Fund for $5.3 million.
MINNEAPOLIS-Swiss architectural firm Herzog & de Meuron helps tone down the design. In addition, French landscape architect Michel Desvigne is hired to design landscaping for its expansion project, including a new four-acre park.
LONDON-Commercial property rental values fell for the first time since 1993 during the first quarter of 2001, according to CB Hillier Parker, but yields have stabilised as investor sentiment towards property warmed.