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DENVER-Triple-A rating undoubtedly helped line up the buyers for a $186.5-million bond sale that will fund the Colorado Convention Center project. Three hours is all it took, much to the pleasure of city officials and the investment houses.
SEATTLE, WA-The latest project of local developer Dale Behar is a 156,000-sf high-tech mid-rise office building in the Capitol Hill district. The permits are in, and Behar is ready to go as soon as its preleasing hits 60%.
KANSAS CITY-The $50-million contract includes adding 9,100 seats and 27 suites on Memorial Stadium and the Barry Switzer Center at the University of Oklahoma. Work is expected be completed in 2003.
ORLANDO-Prudential Florida Real Estate Center Inc., with eight offices and 200 associates, picked up Prudential Gallagher Properties Inc. for an undisclosed sum.
AURORA, CO-The sale of the former Jefferson at Meadow Hills dispels any notion that Aurora can't command high asking prices. General Investment, making its first buy in the region, has just put up nearly $39.8 million for the 342-unit complex.
HOUSTON-Weingarten Realty is pushing full throttle in a buying spree being boosted from a 4.5-million common share sale. The money will go to pay down debt, rehab existing properties and fund more buys. Nineteen California shopping centers are under a $145.5-million contract.
PHOENIX-Tempe has an ace up its sleeve in the race to land a $335-million stadium for the Arizona Cardinals: a slew of developers who will help pay for the land.
DENVER-First Industrial Realty Trust has snagged a couple of good buys, paying replacement cost or less for Commerce Square and Parkway Point. The aggregate 234,683 sf brings $16.7 million for the seller.
DETROIT-The Department of Transportation awards money for new Midfield Terminal, with 72 jet and 25 commuter gates, more than 80 shops and restaurants, 104 check-in positions and more than 11,000 parking spaces.