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MINNEAPOLIS-Two of the four projects would become sites of affordable housing projects. Another could yield a mixed-used development if the Environmental Protection Agency comes through with the grant.
ST. PAUL, MN-The $350 million to $375 million stadium for the Minnesota Twins would be built by a combination of food, beverage and ticket taxes, and would likely be built in one of three Downtown sites or a site on Lexington Parkway and University Avenue.
BOULDER, CO-Walnut Canyon Partners LLC, new owners of the class-A 48,500-sf Westpeak Building, locks in a 6.75% loan amortized over 20 years from the Denver office of Guarantee Finance Corp.
DENTON, TX-Denton's Western Sizzlin' is now a Chinese restaurant in a $500,000 buy for a 6,500-sf freestanding building positioned on one acre. In Garland, an investor pays $7.50 per sf for three acres that presently houses a used car lot.
NEW YORK CITY-The general economy will start to show signs of picking up in Q2 or Q3, our respondents tell us, with a half-year lag time for real estate. Sept. 11, as tragic as it was, seems to have a fading impact on the industry's activity.
LONG BEACH, CA-American Residential Investment Trust has entered into an arbitration agreement with Long Beach Mortgage Company (LBMC). On Jan. 4, 2001, the company had filed a lawsuit, seeking to recover damages arising from its purchase of a pool of residential mortgages from Lehman Capital, a Division of Lehman Brothers Holdings.
SANDSTONE, MN-The project will add a new powerhouse, new storage and maintenance building, as well as a new 512-bed housing unit at the federal prison.
AUSTIN-Top-of-the-line tenants are big winners as Austin's sublease space reaches Mount Everest heights. Market watcher Mike Buls says another 84,000 sf came to market in the last two weeks, pushing the total to a whopping 3.3 million sf.
ATLANTA-The Atlanta division of the Meyers Group will now operate under the name of Real Estate Data Inc. RDI said it will keep the Meyers Group management team and research group. Terms of the deal weren't disclosed.
HOUSTON-Parametric Technology signs for 8,815 sf at the premier Four Oaks Place in the Uptown-Galleria submarket. In a smaller lease, Brooks/Coronado Associates architectural firm heads to a southwest Houston office building.