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PHOENIX-It's undoubtedly the region's healthiest this year, judging from construction and acquisitions. The muscle flexing continues with TN-based Iasis Healthcare spending $55 million for hospitals in Phoenix and Tempe.
KNOXVILLE, TN-The nation's leading food service supplier will also be constructing identical 475,000-sf facilities in St. Augustine, FL, Ft. Worth, TX and Lebanon, IN at an estimated total capital investment of $80 million.
BELLEVUE-Safeway Inc. plans to add another gasoline station to its roster with its first Eastside station. The Pleasanton, Calif.-based grocery retailer whose Northwest headquarters is here, has submitted plans to the city for a seven-pump station.
STOCKHOLM-The Swedish post office has raised up to 400 million ($360 million) from property disposals, selling its new Stockholm headquarters and a portfolio of properties across Sweden.
BOSTON-For the first time since the program was established, the city council approves a measure to raise linkage fees, or payments the city requires developers to pay for projects they build here.
COLORADO SPRINGS, CO-The possibilities are plentiful, say the brokers scouring for a buyer of the 1,724-acre Lorson Ranch. If developed as residential and commercial, the yield could easily carry a $1-billion value.
DALLAS-Third Avenue Value Fund, one of the nation's best known, and related mutual funds stake a claim in Dallas. On a buying binge since Sept. 11, Third Avenue gets 2.4 million shares of the Trammell Crow Co. from majority stockholder, Crow Holdings.
TALLAHASSEE, FL-Construction on the $45 million structure, which will be built at a development cost of $199 per sf, is set for December 2002 with completion by summer 2004.