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MESA, AZ-The one million-sf Fiesta Mall is up for sale by an institutional owner looking to diversify into other industries, says a mall rep. Market averages could bring $120 million for the 95% occupied center.
ORANGE, CA-The facility, which encompasses 29,987 sf, was 100% occupied at the time of sale. There is an ample supply of available office product in the county and additional projects are expected to flood the market in upcoming months.
WILLOWBROOK, IL-The 488-unit AMLI at Willowbrook in this I-55 Corridor suburb fetches nearly $119,000 per unit for multifamily rental REIT AMLI Residential Properties Trust.
WOODBRIDGE TWP., NJ-Gale & Wentworth will develop the three-building property for the electronics and engineering giant on the site of its current facility.
BOLINGBROOK, IL-West Suburban Bank sells a 6.7-acre site on Boughton Road, a quarter-mile west of I-355, for $700,000 to ABCN Corp., which plans a commercial development for the site in the I-55 Corridor.
ATLANTA-Locally based John J. Rooker and Associates is shooting for a fall 2002 completion of the new high-tech regional distribution center in suburban Braselton, GA for expanding Haverty Furniture Cos. Inc. of Atlanta. The project's estimated hard construction cost is $32 million.
LAKEWOOD, CO-The suits are an attempt by the two tenants to cut better deals when they serve as anchors in the new Villa Italia development, says a principal with Continuum Partners LLC, redeveloping the former regional mall.
MINNEAPOLIS-E&V Consultants and Construction Managers assigns Clair Willemssen to the $1.8-million, 18,000-sf public works facility project in Nobles County, MN. She has more than 25 years construction industry experience.
DALLAS-The Dallas-based WebRealEstate.com is bolstering its property database, using a unique strategic alliance with TXU Energy Services. The deal, in the works for five months, aims to leverage TXU's market share in light of energy deregulation.
SEATTLE-The eight overlay districts, one for each proposed station, are intended to discourage auto-oriented development and increase opportunities for housing near transit corridors where light rail stations are proposed.