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MIAMI-RM Hollywood Hills Plaza Shopping Center, headed by Barry Ross and William D. Matz, paid $28.85 million or $65.34 per sf for the 25-year-old, 441,566-sf shopping center in Hollywood, FL, 20 miles north of Downtown Miami. Adjoining outparcels sold for $4.15 million.
ENCINO, CA-Glenborough Realty Trust acquires First Financial Plaza, a six-story, 223,000-sf multi-tenant office building with a four-level parking garage in Encino, Calif.
SAN DIEGO-The Crossroads Redevelopment Project would help revitalize some of east San Diego's aging neighborhoods and commercial areas. The project is divided into redevelopment sub-areas.
DENVER-Equity Office Properties fills a void created by the departure of the Invesco mutual fund family to the west side of the Denver Tech Center by landing the mine-services organization to two buildings.
CHICAGO-The tax-exempt bonds, at an initial interest rate of 2.5% that changes weekly, will allow CenterPoint Properties Trust to develop an 800,000-sf facility on O'Hare International Airport grounds that is 16% pre-leased.
ATLANTA-The estimated aggregate value of the five-year lease at the Terminus West Business Park is $10.54 million based on average asking area rents of $3.88 per sf to $4.14 per sf. Chicago's First Industrial Realty Trust owns the property.
HOUSTON-Williford Property Group heads across the Texas border into Louisiana, where it has just bought the assets and is taking on the staff of Focus Properties. The acquisition renews a working relationship between the firms' leaders.
LOS ANGELES-Locally based BentleyForbes acquires the 412,580-sf regional headquarters and distribution center of The Scotts Co., the lawn and garden products behemoth.
BUENA PARK, CA-Outback Steakhouse and Burger King are long-term tenants at the facilities, which were completed in 2001. Encompassing a total of 9,550 sf, the buildings are located at the corner of El Capitan and Beach Blvd.
ATLANTA-In the Southeast and Illinois, the Bureau of Land Management has sold 164 parcels containing oil and gas deposits. The sales generated $729,250 in revenue.