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FLAGSTAFF, AZ-A Salt Lake City investor has paid $8.9 million for the 132-unit Forest Meadows Apartments in the growing community of Flagstaff. Seller Judy Bassham, a private investor from San Diego, had owned the property for nine years.
SAN DIEGO-The city will go to court next month to try and quash a $94 million verdict awarded to Roque de la Fuente II, developer of an Otay Mesa business park.
CHERRY HILL, NJ-The New Jersey Real Estate Commission give interSTATE Net Bank the go-ahead to provide real estate escrow services for the Garden State's brokerage community.
PHOENIX-Rent is stagnant and concessions abound in a multifamily market that's experienced several years of back-to-back hardy growth. But, says Marcus & Millichap researchers, the region's fundamentals remain strong and demand will stay steady.
CAROL STREAM, IL-The commercial food service equipment manufacturer keeps the warehouse/distribution space at 895 Carol Court, which is located near the company's headquarters at 355 E. Kehoe Blvd.
WORCESTER, MA-The city considers selling the Central Street Fire Station site for development as a hotel. The parcel is located in the heart of downtown here right near the Worcester Centrum Centre and a newly built parking garage.
SAGINAW, MI-The new 82,000-sf ambulatory care center, designed as a "big box" facility, will act as a full-scale hospital for Saginaw area residents, carrying on more than 100 years of care.
AVENTURA, FL-After weathering an eminent domain action and years of road construction, the financial services company decides to sell the 293,000-sf retail center in this upscale community 14 miles north of Miami. The estimated asking price is $30 million.
SAN DIEGO-More than a dozen local projects, including two major public works projects -- the Camino Ruiz Bridge and Lindburgh Field's runway -- won awards late last month from the American Society of Civil Engineers.
MOUNT VERNON, NY-UrbanAmerica, LP, a real estate investment firm that specializes in acquiring inner city properties, has added its first New York area property to its portfolio with the $8.45-million acquisition of three buildings here.