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MINNEAPOLIS-Cary Miller, a project manager for McGough Construction, succeeds Bob Storm of Northland Concrete & Masonry. She has 15 years of experience in the industry. Barry Blazevic of ADB Construction Co. is president-elect.
CHICAGO-A 22-story office building, with up to 450,000 sf, is being proposed by MKDG/Buck 123 LP and 505 Venture Co. LLC. The John Buck Co. and Marvin Davis developed adjoining 515 N. State St. in 1990. The new development would give the JV twin side-by-side assets.
SOUTHLAKE, TX-A Grubb & Ellis team has just closed a 25-acre sale for client Verizon Wireless, but is headed back to the bargaining table to talk lease renewal at Solana. Maguire Partners has sold the land, but IBM holds the office space reins.
Hammerson has bought a site off the prestigious boulevard Haussmann for a 335,000 sq office scheme due for completion in 2003. The project aims to take advantage of the current shortage of prime offices in the French capital.
LONDON-Britannic Asset Management has sold its retail warehouse development at Forbury Park, Reading, Berkshire in three separate transactions to Morley Fund Management, Scottish Life and Rugby Estates.
SAN DIEGO-La Vida Real by Senior Resource Group LLC will offer 208 independent-living apartments and 84 assisted-living apartments. The community will also include a secure Alzheimer's/dementia care component.
BOSTON-The neighborhood of Brookline here in the city is suddenly faced with the possibility of being able to develop ten surplus acres owned by the state. The town has yet to decide what to do but it is its first significant development opportunity in years.
ORLANDO-Look for dirt prices to shoot up over the next 18 months, predicts George D. Livingston, founder/chairman, Realvest Partners Inc., Maitland, FL. Average industrial parcels in established parks are going from $2 per sf to $12 per sf in high-profile locations, GlobeSt.com research finds.
WASHIGNTON, DC-According to the Weekly Mortgage Applications Survey of the Mortgage Bankers Association, the market composite index of mortgage loan applications, on an unadjusted basis, dropped 28.6% and dropped 11.1% on a seasonally adjusted basis.
PHOENIX-San Diego's Price Enterprises has acquired two retail centers in Mesa and Tempe in a $55.3-million deal cut with Phoenix Coyotes' owner Ellman Cos. Not only is it a good time to sell, but two Glendale projects are keeping the firm busy.