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MINNEAPOLIS-Despite a proposal to demolish the 1,300-seat theater, the fate of the Minneapolis landmark has yet to be decided by the Minneapolis Heritage Preservation Commission, then the city council.
NILES, IL-CenterPoint Properties Trust has fielded one "unacceptable" offer to buy its 267,344-sf state-of-the-art office building at 5800 W. Touhy Ave. but at least two lease proposals, including a "major international corporation.
LABELLE, FL-The locally based agribusiness and land-holding company advises shareholders it won't comment about the stock-valuation methods cited in a proposed settlement in a family dispute involving Ben Hill Griffin III, the company's chairman.
LONDON-The predicted downturn in the central London office market has yet to materialise, according to new research from GVA Grimley. Office take-up increased by nearly a third during the third quarter of 2001.
SAN JOSE-A Bay Area construction firm agrees to build a medical center on behalf of the Silicon Valley Children's Hospital Foundation. However, eventual construction may depend on the foundation's fund-raising efforts.
DALLAS-First Allied Corp., headquartered in Rochester, NY, acquires its first Texas holdings, selecting retail centers in the Dallas suburbs of Allen and Plano. Today Realty Advisers Inc. and Weber & Co. are the sellers of the 168,773-sf combined package.
SANTA MONICA, CA-A private partnership acquires 30-unit development in the seaside community of Santa Monica. The multifamily market remains tight, with little new construction and tenants still willing to pay extra to live near the ocean.
KANSAS CITY-The 217-room upscale art deco Downtown hotel at 12th and Baltimore Streets has undergone a $20-million renovation. It is the 11th hotel in Milwaukee-based Marcus Corp.'s management portfolio.
CARLSBAD, CA-The $3.8-million first phase of Kelly Corporate Center, a multi-tenant office building located at the corner of Hidden Valley Road and Palomar Airport Road, is complete.
STUTTGART-The Europa Fund has forward-sold a 300,000-sf office building currently under construction at its Boblingen Business Park, near Stuttgart, Germany to the property fund SachsenFonds.