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ORANGE COUNTY, CA-Key government agency will consider the proposed takeover by Newport Beach at a hearing on Wednesday. If approved, the municipal marriage could be consummated in January.
TOLLESON, AZ-The fast-growing community of Tolleson triggers a $1.2-million buy for 10 acres so the school district can add another elementary school. Work is under way at the site bought in a CB Richard Ellis and Mohr Partners-negotiated deal.
SEATTLE-A ground-breaking ceremony for the city's new Southwest Precinct police station is set for this evening. The total project construction, excluding land acquisition costs, rings up at roughly $11 million.
HOUSTON-In unrelated land sales, nearly 10 acres in northwest Houston have been bought for commercial development. One parcel is along Grant Road and the other near Willowbrook Mall. Caldwell Watson's land division orchestrated the sales.
ORLANDO-Harris Rosen would have the NBA team pay for the entire retrofit of the 12-year-old, 17,200-seat, 350,000-sf TD Waterhouse Centre. In exchange, the Magic would receive about $217 million in additional concessions and retail revenue on a 15-year, no-rent payment lease with the city.
ANN ARBOR, MI-Hundreds of jobs would be consolidated in an $18-million facility in area close to the University of Michigan, where tech-savvy workers have migrated. However, Comcast also is considering Indiana.
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.
SAN MATEO, CA-Barry Swenson Builders is developing a two-story hotel in Pacifica and the Church of Jesus Christ of Latter Day Saints is constructing a 10,987 sf, two-story cultural center in San Bruno.
WALTHAM, MA-Microsoft Corporation relocates its regional headquarters to Waltham Weston Corporate Center here. The computer giant will serve as the building's lead tenant, taking 52,000 sf of space when the building is completed in December.
SAN DIEGO-The city has nearly completed the long-awaited $216 million expansion of the San Diego Convention Center. The 864,000-sf expansion just about doubles the size of the existing West Harbor Drive facility.