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NORTH MIAMI BEACH, FL-The locally based real estate investment trust acquires the 114,925-sf Ryanwood Square in Vero Beach, a seaside community 122 miles north of Miami, for $79.40 per sf.
PORTLAND-One of the city's larger employers receives tentative approval to build a 2.2-acre wind tunnel research lab that will have one end hanging out over Swan Island Lagoon in North Portland.
GARDEN GROVE, CA-The 375-suite property is owned by Landmark Hotels LLC. The property, finished with an African theme, is managed by Hilton Hotels Corp.
MELVILLE, NY-Two suburban office buildings have secured $26.7 million in permanent financing, overcoming unprecedented post-September 11 challenges that jeopardized the deals.
PHOENIX-A near $5.7-million sale in Glendale goes for more than the norm. Location and condition of the 15-year-old complex were key, but so were market conditions. Low interest rates and fewer developable sites fuel an ongoing hustle and bustle.
DENVER-The Downtown Denver Business Improvement District's budget will jump 56% over the next two years as maintenance services are expanded in a 120-block area. Owners and leaseholders approve the increase by a wide margin.
ORLANDO-Orange County is kicking in $367,000 worth of tax breaks over six years on a promise the company will create 637 new jobs paying an average $43,475 at its planned 225,000-sf, $40 million call center in Quadrangle Office Park, adjacent to its two existing 225,000-sf buildings.
SEATTLE, WA-Though the area is wading through muddy economic conditions, a new research report expects the health of Seattle's retail sector to remain goodbuoyed by slowing development, low vacancy numbers and dropping interest rates that continue to support investment.
PONTIAC, MI-The 130,00-sf facility to be built on the former site of a Quality Inn Hotel will provide Pontiac residents and others an opportunity to obtain needed, affordable health care, according to lameduck Mayor Walter Moore.
SAN FRANCISCO-Colliers International will manage 115,000 sf in three buildings for Levin Menzies & Associates.Levin Menzies is the type of owner that we are focusing our efforts on representing," says one company official.