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LOS ANGELES-The TrizecHahn mixed-use project in the heart of historic Pasadena features 565,000 sf of retail and entertainment space and 387 upscale residential units. The retail and entertainment space is already 90% committed.
DALLAS-It's "Karen's Deal," but it's a hands-on project for the Dallas-Ft. Worth retail real estate industry. The Weitzman Group has set Dec. 6 to kick off the first annual fund drive for cancer treatment and support in honor of its executive VP Karen McCulley.
PHOENIX-A $14.3-million financing is in place for the $19-million acquisition of the 240-unit Riverwalk Apartments in Phoenix. Investor Howard Pattis and PACE Management of Chicago secure a 10-year loan, with 30-year amortization, at 6.94%.
SAN FRANCISCO-The Hunters Point Naval Shipyard in San Francisco will see a cleanup and expansion of its housing in preparation for possible military action.
PORTLAND-The 70-acre subsidized Columbia Villa housing project in North Portland will be redeveloped thanks to a successful grant application, which the Housing Authority of Portland submitted in June to the U.S Department of Housing and Urban Development.
SALEM, OR-The seller is Burnham Pacific, a San Diego-based retail REIT that is liquidating its portfolio. Its other remaining Salem property, along with one in Aloha are under contract to be sold later this year as part of a $151-million, 18-property, deal.
NEW YORK CITY-Responses to the latest GlobeSt.com Quick Survey unveiled the passion, anger and resolve with which real estate executives view the destruction of the World Trade Center.
NEW HAVEN, CT-Insignia/ESG reports it has established a regional office in New Haven and has named veteran local commercial broker Richard S. Guralnick, CCIM, as managing director of the location.
MAPLEWOOD, MN-Setback from White Bear Avenue is the issue between Semper Development and the city. The developer wants to build a Walgreen's drug store 110 feet from the street, the council has approved 69 feet.