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SACRAMENTO-The development is close to California State University and is nearly fully occupied. The buyer was Commercial Ventures. The seller was Jupiter Realty Corp.
DENVER-Developers Jerry Biehl and Bob Leino have sold 35 of the 100 units in the Parkway Apartments they bought for $10.9 million. Units are priced from $140,000 to $225,000, affordable in the Golden Triangle neighborhood.
LONDON-Minerva has released details of its planned one million sf office building on the St Botolph's site on the City's Eastern fringe. Large buildings are seen as key to the City's fight back against Canary Wharf.
STURBRIDGE, MA-Area residents are banding together to oppose the possibility of an American Indian casino being built here. The Nipmuc Indians have an option to purchase 300 acres that straddle this town and Union, CT but are waiting to receive federal recognition as a tribe.
FAIRFIELD, CT-The developer of a proposed $250 million office/hotel development here has decided to scrap architectural drawings and bring in a bulldozer to level a former manufacturing plant.
LOS ANGELES-The locally-based development company, Accord Interests LLC, plans to build a 42-unit loft project at the corner of Selma Avenue and Wilcox Avenue. The company is currently in negotiations to purchase the future site of the project, with the deal expected to close later this month.
AUSTIN-The Greater Austin Chamber of Commerce is rewarding those companies that have provided superior customer service. Making the list is Redwood City, CA-based DPR Construction's Austin office, which counts CarrAmerica and Motorola as clients.
DALLAS-EDS has tapped Dallas-based Trammell Crow to oversee its 10 million-sf portfolio in 15 states. As EDS grows so will the contract, which had been held for past three years by Jones Lang LaSalle.
BOCA RATON, FL-The real estate investment trust reports the weighted average gross rental rate on new leases signed increased $12.39 per sf over the second quarter.