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OAK PARK, IL-Plans for an 87-unit residential development with 6,000 sf of retail space and 522-car garage is held up by a dispute between the developers and a hot dog stand owner. Village officials threaten to use eminent domain powers.
HAYWARD, CA-Cal State Hayward has forged a public-private partnership with New York-based Geographic Network Affiliates International Inc., for development of the facility on six acres of undeveloped campus land.
NEW YORK CITY-The 132,000-sf store is one of the anchors of the Galleria Mall in York, PA. Both properties were acquired for approximately $12 million.
DALLAS-It's the talk of the town as word gets around about Cushman & Wakefield losing its respected point man. J. Reagan Dixon just happens to be the third key player in 10 months that William Cawley's snatched from his competitors. A four-star team's in place. Now, it's time to grab for the brass ring, he says.
BURNSVILLE, MN-Minneapolis Clinic of Neurology has signed 11,000 sf lease in a 52,000-sf office building being built here by Kellison Co. An attraction is the building's proximity to Fairview Ridges Hospital.
ORLANDO-The 4,000-acre Orlando Central Park bought the dirt to make sure Lockheed had future access to the fast-developing Sand Lake Road and Universal Boulevard axis in south Orlando, broker J. Gary Castle tells GlobeSt.com. OCP paid Overstreet Investment Co. $5 million or $726,744 per acre for the land.
WASHINGTON, DC-The Mortgage Bankers Association of America reports that mortgage loan applications were down 7.5% and that refinance activity also dipped several percentage points. These are among the results of its weekly mortgage applications survey.
CHARLOTTE-City leaders are bundling a new Downtown arena with six other Downtown projects. Because five of the projects would be nonprofit and cultural, tax-exempt bonds with lower interest rates could be used.
HILLSBORO, OR-Three of the four buildings in the 301,000-sf flex-office development are spoken for. The 90,000-sf, one-building first phase was taken by Sun Microsystems and sold to Washington Capital. The three-building second phase is scheduled for completion in April.