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ALAMEDA, CA- The City of Alameda had originally allotted a $2.9 million budget for the project, but the full job will cost double this amount. The work will be completed in three phases.
BURBANK, CA-Investment banker L.J. Melody arranges package from Principal Capital for Menlo's Burbank Empire Center office complex. The development will open next spring.
OAKLAND-SNK Development is working toward a December completion of the project, to be called Allegro at Jack London Square. The project will make a significant contribution to Mayor Jerry Brown's goal 10,000 new housing units Downtown.
ROLLING MEADOWS, IL-The triple-net leased property at the corner of Algonquin and Golf roads, one of the busiest intersections in the state, sells after being offered for sale at a 7.9% overall capitalization rate.
GOLDEN, CO-The Chicago- and Australia-based provider of services and technology to the financial services industry takes space in the 124,210-sf 6th Avenue West office building at 350 Indiana St.
CLEVELAND-Sharp decreases seen in funds from operations, revenue and occupancy, caused by a slow hotel market weakened by the Sept. 11 terrorist attacks, causes the REIT to consider suspending a pay-out.
VERNON, NJ - The township planning board has okayed the cornerstone building of the developer's master-planned village at the base of the state's largest ski area.
LOS ANGELES-Katten Muchin Zavis takes 52,058 sf of office space at 2029 Century Park East from Akin Gump Strauss, marking one of the Westside's largest sublease deals of the year.
LONDON-Pillar Property has restructured the loan financing on three of its retail parks in Edinburgh, Preston and Chester in a $545 million conduit deal with German mortgage bank HVB.
MINNEAPOLIS-The two buildings, "a symbol of changing times for Brazil Telecom," will total 80,000 sf and cost from $24 to $36 million. The architect has done three similar projects in Brazil.