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SEATTLE-Representatives of the City of Seattle's Strategic Planning Office and Department of Design, Construction and Land Use submitted the proposal to the Seattle City Council. Official legislation could be proposed by July.
AUSTIN-GenCap Partners, based in Dallas, is fine-tuning plans for a 450-unit luxury project to be built on 38 acres in north central Austin. It's the firm's solo entry into the Austin market. More land is being eyed for another project, says GenCap.
WESTPORT, CT-62-64 Main Street in Downtown New Canaan has been sold by Schettino Properties for $3.1 million. The property houses four restaurants and four office tenants.
SCOTTSDALE, AZ-Scottsdale is working on the exact wording for an ordinance that would ban all big-box retail development in the northern portion of the upscale suburb.
NOVI, MI-Chicago-based Transwestern Commercial Services looks for acquisitions in the Detroit area after disposing 350,000 sf that included Lakepointe Office Center, Orchard Hill Place, Novi Business I and II and Garden I and II.
MEMPHIS, TN-The apartment REIT, with 15 communities in North and South Carolina, is paying the quarterly dividend on April 30 to shareholders of record on April 23. Memphis is 629 miles west of Downtown Charlotte.
FORT LAUDERDALE, FL-The deal would create First American Capital Markets Group Inc. as a subsidiary to manage secondary mortgage marketing operations for First United MortgageBancInc., a subsidiary itself of Clearwater, FL-based CFI Mortgage. Fort Lauderdale is 26 miles north of Miami.
TACOMA-The City of Tacoma will ask voters to fund the $32-million conversion of an old Costco Wholesale warehouse into a new police headquarters and fire station. Mail-in ballots are being delivered to voters this week.
SAN ANTONIO-West Creek Town Homes' 440 units are in line for cable and high-speed Internet services from Austin-based US OnLine. Company statements indicate more San Antonio holdings could result from the long-term pact.