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KANSAS CITY-City Center Square, one of Downtown's largest buildings at 650,000 sf, and the vacant Jones Store are on the market. No price has been set yet, but few large office properties become available in the submarket.
VALHALLA, NY-Governor George Pataki has named developer Mitchell Hochberg of Spectrum Skanska Inc. to the Board of Directors of the Westchester County Health Care Corp.
MIAMI-The legendary Miami developer buys a prime 2.5-acre platted parcel on Biscayne Bay for $16 million or $6.4 million per acre ($146.92 per sf) six months before the seller unloads an adjoining 2.5-acre site for $19 million or $7.6 million per acre ($174.47 per sf).
DENVER-Word on the street is that Denver-based Cherokee Investment Security is the successful bidder for Gates Rubber Co.'s 50 acres near the CBD. Gates isn't saying who just yet, but acknowledges it's talking with just one party. Inside sources insist it's Cherokee.
SOUTH ORANGE, NJ-A total of 250 units are going up in this revived Downtown with the developer targeting young professionals in their marketing effort; 200 of the units will be in the first project.
COLUMBIA, SC-The locally based retailer names Amy R. Stuck retail leasing manager and Susan Sale-Korper vice president/corporate marketing. Columbia is 200 miles south of Downtown Charleston.
ORLANDO-Echelon Residential is breaking ground on Echelon at Uptown, a planned five-story, 244-unit complex on north Orange Avenue at Marks Street. Estimated construction cost: $13 million.
BETHESDA, MD-Host Marriott Corporation has closed on the $130 million offering, the proceeds of which will be used for capital improvements, acquisitions and paying off debt. Five financial institutions underwrote the offer.
SAN FRANCISCO-The seller of the 170,000 sf Class A office building is HMS Gateway Office LP. HMS Gateway developed the property in 1999. The local investor group is called Consolidate Farms.
SEATTLE-The Bellevue, WA-based QFC grocery store chain will convert all existing Veneto's branded coffee bars and kiosks to the Seattle's Best Coffee brand over the next six months. SBC's shelf presence also will be expanded.