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TACOMA, WA-City officials are inching closer to negotiating a purchase and sale agreement for a new hotel on the Greater Tacoma Convention Center site.
SAN DIEGO-Construction of Plaza at Scripps Northridge, a $10.8-million project, is set to kick off in December and take up to a year to complete. Lankford & Associates is the developer.
ATLANTA-The Tampa, FL-based office developer tells the Fulton County community zoning board the planned 11-story, 285,000-sf structure is needed by locally based Cingular Wireless for its continued expansion program.
BRADENTON, FL-The two firms supply related but non-competing products and services to commercial real estate appraisers, developers, lenders and government agencies. Terms and value of the partnership deal were not disclosed.
DENVER-A softening economy may force Hines Interest to scale back plans for a 42-story, 640,000-sf office tower Downtown. Another 35,000 sf of pre-leasing might allow the original plan to move forward.
DENVER-Ground is broken on a $12.5-million project in a gentrifying neighborhood that includes 68 multifamily units, 13,000 sf of retail space as well as office space at East 26th Avenue and Washington Street.
ELK GROVE, CA-The apartment sale, which translates to $98,571 per unit and comes with an 8.34% cap rate, is the third largest sales transaction seen in the Sacramento region this year.
MIAMI-Neighborhood interests are joining with the local commercial real estate industry in questioning whether Miami-Dade County should attempt to acquire what is widely considered the last large contiguous tract of undeveloped industrial land within the Miami city limits.
SANTA MONICA, CA-Filmmaker Roger Corman acquires former site of X-rated Pussycat Theater here in this seaside community. Building now houses a venture-capital company and Italian restaurant.