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OLYMPIA, WA-City officials have voted to stop consideration of plans submitted by a Spokane developer to build a $20-million, 110,000-sf conference center on Budd Inlet's East Bay.
ROSEVILLE, CA-DoveBid TMG has signed a lease with Stanford Ranch to occupy a 20,000-sf facility in Roseville. The company says it was motivated to relocate to Roseville because of lower costs and better quality of life.
MINNEAPOLIS-After the Minneapolis Public Library signs a three-year lease to begin in August, FRM Associates is left with 360,000 sf to lease at the project at 250 Marquette Ave.
HOUSTON-Coles Crossing's full lease-up and brisk retail sales drive an expansion. The project will take the center, anchored by a 67,000-sf Randalls grocery, to 110,000 sf. Florida-based Regency Centers is the developer.
CHICAGO-Frankfurt, Germany-based Deutsche Bank will become the world's largest real estate advisory firm with $36 billion of assets under management when the deal closes in the second quarter. The RREEF name and senior management will be retained.
ORLANDO-Supply is outpacing demand with 10,382 new units surfacing at year end 2001 and only 5,850 units rented, according to a new analysis by M/PF Research Inc. of Carrollton, TX. There are 6,974 new units still under construction. The area has about 139,368 apartments.
SAN LEANDRO, CA-Parwood Apartments in Long Beach, Calif., has been sold to The Related Companies of California for just over $40million. The Buyer secured financing through federal low income housing tax credits and tax-exempt bonds issued by the California Housing Finance Agency.
ANAHEIM, CA-The buyer, the Migneco Family Trust, pays $2.3 million for the building. Encompassing 27,685 sf, it is located within the Orangewood Stadium Business Park.
NEW YORK CITY-The recent spate of real estate security seminars have largely focused on new technology that property owners will need to compete in the post-Sept. 11 marketplace. Newmark took a different approach.
ORANGE, CA-Chapman has purchased the property as a long-term investment, as it plans to expand the university's campus and housing facilities onto the site. Located in close proximity to the university, the five-building complex encompasses 194,274 sf.