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TUCSON-The 80-unit Dakotah Hills is going back in time to its original development model. A Tucson partnership intends to convert the leased units into for-sale condos, with anticipated asking prices of $131,000.
MIAMI-The West Palm Beach, FL-based company paid Waterton Associates of Chicago $85,794 per unit for the 30-year, 252-unit, 98%-leased Boca East apartment complex just off fast-developing Downtown Boca Raton, 45 miles north of Downtown Miami.
MINNEAPOLIS-Minneapolis/St. Paul prime office rents were up 0.4% to $26.85 per sf in the fourth quarter. It is one of 14 US markets to see an increase in rents, according to a Grubb & Ellis survey, while the other 18 US markets it surveys saw decreases.
TACOMA, WA-This week, members of the Pierce County Planning Commission will host their first public discussion of low-impact development rules intended to beef up tree and wetland protection and improve stormwater runoff.
ORANGE COUNTY, CA-The rate of unemployment here dipped 0.3% from January to February, according to a recently released study by the State of California Employment Development Department.
ORLANDO-W.D. Childers, twice president of the Florida Senate, is part of an ongoing Pensacola, FL grand jury investigation in north Florida's Escambia County where his name is surfacing on $6.2 million in land deals the county did with a developer friend.
AUSTIN-Symcox Development has slid its $30-million plus plan along South Congress Avenue into the city for review. The project, earmarked for 7.3 acres, calls for a 375-unit multifamily component and 30,000 sf of retail.
ORANGE, CA-The one-acre contractor's yard is acquired by a landscaping firm for nearly $1 million. The buyer, Leonard Chaidez Tree Service, plans to store equipment at the site.
HOUSTON-The buyers of the raw land are planning future retail, office or mixed-use development. The largest tract, 15 acres, is targeted for a retail center at the intersection of Spring Cypress Road and Texas 249.
ATLANTA-The alliance between the Roswell, GA developer and the New York financial services firm plans to create 336 loft apartments overlooking the Chattahoochee River in Columbus, GA, 100 miles southwest of Downtown Atlanta. Monthly rents will be $425 to $920.