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DETROIT-CBL and Associates Properties Inc. of Chattanooga, TN buys malls in Saginaw, MI and Midland, MI, which have a combined 1.3 million sf, from Jacobs Group in a $1.3-billion package of 23 malls and strip properties.
ORLANDO-CalPers, LaSalle Investors, Lend Lease Investments and Adler Development are going with David Murphy to rent their three industrial assets totaling 1.12 million sf in Central Florida's vibrant bulk warehouse, service center and flex space markets.
LOS ANGELES-Separate investors acquire complexes in emerging Huntington Drive Tech Corridor. Sales show there's still demand for quality product in markets, says broker.
AUSTIN-Things are going to slow down, but the big "R" isn't going to wreak havoc in Austin, says a leading regional economist. Angelos Angelou makes his 2001 call, predicting a 4.8% growth, down just a tad from year 2000.
ROUND ROCK, TX-A long-awaited groundbreaking will take place in the next few days in La Frontera's net.plex corridor. Kennedy-Wilson and Fortis are teaming on their first venture, a 198,000-sf office project.
PHOENIX-A local food distribution company has purchased a 65,500-sf warehouse/office in the west Valley where it plans to expand it distribution business.
PORTLAND-The funds are used to fill financing gaps and assuage the concerns of other lenders with regard to the usually not-so profitable projects that assist those in need and help the city meet affordable housing goals.
NEW YORK CITY-What made the 16-story apartment rental attractive was that 75% of the buildings in the area have been converted to cooperative or condominium ownership.