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TACOMA, WA-City officials have postponed a vote scheduled for later this month on a $120 million office project, which is to be built on the Tacoma Dome parking lots and completed in 2020.
HARRISBURG, PA-The closing was last week, but the tenant's broker says representatives of the property's owner put the cart before the horse when they revealed the deal before building out the space.
HOUSTON-A Bellaire, TX investor caps a repositioning with a $3-million sale of a class C complex in South Houston. The seller acquired the holding in June 2000, remodeled, raised rent and sold for a profit.
CHARLESTON, WV-Hagerstown, MD's Allegheny Energy exchanges 12,000 acres of wetlands for $16 million in a deal with the US Fish & Wildlife Service. The property--valued at $32 million--will become part of the eight-year-old Canaan Valley National Wildlife Refuge.
SEATTLE-Demolition of the northeast section of University Village begins to create space for Chicago-based Crate and Barrel and Land of Nod. Completion for the two stores is slated for summer 2003.
SEATTLE-Rising vacancies, falling rents and a prediction for net-out migration in Seattle this year. A study just released by Paragon Real Estate Advisors says the downtown apartment market may be overbuilt--for the first time ever.
SAN ANTONIO-Grubb & Ellis bests four other firms vying to manage property and real estate services at Brooks Air Force Base. Under the base closure alternative, San Antonio gets the deed to the 1,300-acre base and the US Air Force as a tenant.
AUSTIN-One of three properties bought in early 2001 by the Shidler Group is bought by a California investor working a 1031 exchange. The Exchange Building's sale price is hushed, but it carried a $12.5-million asking price.
OTAY MESA, CA-Tenants are still up in arms over higher rents at Brown Field. Community leaders will gather later this month in an attempt to resolve the issue.
SCOTTSDALE, AZ-Mark-Taylor Inc. and Mark-Taylor Residential are among the finalists for Pillar of Industry awards accorded by the National Association of Home Builders. Winners will be announced March 4 at the annual conference.