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SAN DIEGO-The speculative, mixed-use project includes two 60,000-sf, three-story office buildings on Mira Mesa Boulevard at Interstate 15. The developer is Monarch at Scripps Ranch LLC. The project is slated for completion late this year.
NEW YORK CITY-The first commercial real estate property to house its own onsite, privately-owned, co-generation facility will go up on the block between 57th and 58th Streets and 11th and 12th Avenues in Manhattan.
CAMBRIDGE, MA-Biotech companies here are reaping the benefits of the dot-com fallout as they grab the space the failing high-tech companies put on the market at a fraction of the price.
ORANGE, CA-A manufacturer of video products has inked a 10-year lease here for 57,636 sf of industrial space. The company will move its headquarters and manufacturing operations to the site.
SCOTTSDALE, AZ-The 330-unit Scottsdale Foothills Apartments brings about $21 million for the International Properties Group, based Calgary, Canada. The complex's value has been boosted by the ongoing development of Loop 101.
NEW YORK CITY-The first commercial real estate property to house its own onsite, privately-owned, co-generation facility will go up on the block between 57th and 58th Streets and 11th and 12th Avenues in Manhattan.
LAGUNA BEACH-A measure raising the bed tax at all 26 Laguna Beach hotels has been approved. The ordinance, which will go into effect on July 1, will raise the bed tax from 10% to 12%.
BETHESDA, MD-In a deal that's expected to close during the third quarter, the 10 Residence Inns will sell for $119 million, which includes $54 million in debt.
WATERTOWN, MA-Harvard University closes on its deal to purchase the historic 30-acre Arsenal here. The purchase has faced mounting opposition from town officials because of the tax-exempt status of the university.