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TAVARES, FL-Residents and a local newspaper argued the estimated $50 million, 489-acre, 323-unit single-family and multifamily Heathrow Country Estates project shouldn't be allowed to reapply for a development permit after Lake County commissioners rejected the proposal in July 2000 on a 3-2 vote. The proposed project is 24 miles northwest of Downtown Orlando.
PHOENIX-Transwestern Koll Airpark has hawked its 90,000-sf Airpark Business Center to a Portland-based investment group. The $4.2-million sale equates to nearly $47 per sf for the seller. The industrial holding is situated about a mile from Sky Harbor Airport.
LOS ANGELES-The city's Metropolitan Transit Authority had asked for $41 million, claiming the construction giant submitted false bills and used sham companies to pad its profits. Company calls jury award unjust and vows to appeal.
ATLANTA-The locally based paper products manufacturer and timber-growing conglomerate is paying shareholders 12 1/2 cents per share for Georgia-Pacific Group and 25 cents per share for The Timber Co. common stock. The New York Stock Exchange-traded company also named David J. Paterson as the new executive vice president of the pulp and paperboard division.
IRVING, TX-The Atlanta-based Lane Co. has eyes for Texas, closing a $17.2-million multifamily deal in Irving while chasing another buy in San Antonio. The Vista Pointe acquisition is the company's first Texas buy in two decades.
SEATTLE-Northwest Airlines has opened two new facilities at Seattle-Tacoma International Airport. A 151,000 sf aircraft maintenance building with 86,000 sf of hangar floor and a 55,000 sf cargo facility were built to replace the company's existing buildings.
BOSTON-The bid on the last major piece of construction work on the Big Dig, the massive highway-development project here in the heart of the city, came in $24 million lower than expected, thrilling project officials.
TAMPA, FL-Combination office/warehouse product is moving steadily with asking rents at about $8 per sf. The locally based brokerage completes seven deals totaling 43,528 sf with an estimated aggregate value of $2 million. Tampa is 80 miles west of Downtown Orlando.
NEW BRAUNFELS, TX-Polaris Outfitters has acquired a 17,695-sf property that will be converted from industrial to retail. The expanded New Braunfels site will provide land for customers to test drive land-based products
ALBANY, NY-New York State is looking for property owners and municipalities along the Hudson River interested in developing a $172-million Rivers and Estuaries Center.