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ATLANTA-The city calls for infrastructure and parking to be completed within three years on the $2 billion, 138-acre mixed-use venture on the west side of the Connector.
PHOENIX-Arcadia Villa Apartments LLC has realized more than $8.3 million for a 169-unit complex in the Camelback Corridor. A Minnesota investment firm's price bests in excess of $49,000 per unit.
A Ninth Avenue A&P-owned supermarket that has been in operation for more than 60 years will shut its doors on September 22 when it is sold to a newly formed investment group seeking to net lease the property until the economy recovers.
AUSTIN-In comparison to Silicon Valley, Austin is a good deal. Texas A&M economist Mark Dotzour says real estate is cheaper and a skilled workforce makes the state capital an attractive landing spot for technology companies.
SORRENTO, FL-Commissioners are asking the Orlando-Orange County Expressway Authority to lay its cards on the table and tell the public at a Sept. 18 open meeting what new road-growth plans are scheduled for the once-sleepy rural area, 28 miles northwest of Downtown Orlando.
HILLSBORO, OR-The 10-year deal is valued at $17 million for Birtcher Real Estate Group, developer and manager of the 217-acre, mixed-use business park. Publicly-traded Planar will use the class A building to consolidate all locally-based, non-manufacturing office personnel.
DETROIT-The alliance between three universities, the Michigan Economic Development Corp., Ardesta and Integrated Sensing Systems will encourage additional investment in microsystem technology.
PHOENIX-Phelps Dodge Tower, a $78-million CBD project, has reached the 69% pre-leased mark, signing two tenants to 78,000 sf of the 410,000-sf undertaking. Coming on board will be HUD and a law firm.
CHICAGO-"Now is the time for forward-looking international investors to take a closer look at real estate opportunities in China," says Jones Lang LaSalle Hong Kong national director Timothy Bellman.
PHOENIX-RealNet Investments of Portland has secured its first building in the Valley, spending $2.2 million out of a $25-million coffer set up for 2001 acquisitions. Scouts are out for other buys. The milestone purchase is a 27,800-sf office building in the CBD.