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VANCOUVER, WA-The Vancouver Public Facilities District and the Vancouver Downtown Redevelopment Authority are recommending the city sell $50 million in bonds to the Seattle-based investment bank Piper Jaffray, which would market them to individual investors.
SEATTLE, WA-The success of a three-building property south of the 3-acre property coupled with Immunex's planned campus to the north is expected to generate significant interest. The site can support development of an estimated 320,000 sf.
WASHINGTON, DC-Saying that allowing banks into real estate will consolidate market power and hurt small companies, real estate groups stepped up their pressure on Congress to nix the Fed's proposal.
ANDOVER, MA-The medical devices company leases 78,000 sf of space here at Minuteman Park, becoming the sixth company in three months to sign a deal for this project. Five of the project's six buildings are now fully leased.
HOUSTON-Hines will begin pushing dirt this summer on a $300-million undertaking for Winter Sports Inc. The development, which will take eight to 10 years to finish, will serve as the base village for Big Mountain Ski & Summer Resort in Whitefish, MT.
MINNEAPOLIS-The bunkers at the old Minneapolis Fed and Control Data buildings are a good fit for telecommunications equipment. Rents of more than $20 per sf net are being seen, spurring owners to create "telecom hotel" space.
LOS ANGELES-The state's electricity shortage, combined with unseasonably warm weather, finally prompts California's energy czar to pull the plug on about 1.3 million users. More shortages are forecast for today and possibly Wednesday, forcing hundreds of business to close and snarling traffic as signals go out.
DENVER-An affiliate of the Amstar Group has secured a $33-million loan for a 437-unit multifamily project in Houston. The 10-acre development is being undertaken with the Houston-based Morgan Group.
ARLINGTON, TX-Donruss Playoff, a baseball card manufacturer, is one of three deals cut recently by Henry S. Miller Commercial teams. Another deal opens the door to a new retail development in Plano.
MINNEAPOLIS- Madison Marquette Realty Services will manage Loehmann's Plaza, Southdale Square and Plymouth Town Center, three community shopping centers bought by Des Moines, IA-based Principal Capital Real Estate Investors.