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REDMOND, WA-With one $90-million apartment project already underway in the Belltown district of downtown Seattle, Legacy Partners is back in the permitting process for a mixed-use project on the shores of Sammamish River.
SAN FRANCISCO-In addition to showcasing SMED International's 'flexible high-tech office,' the conference will analyze how communication has changed, discuss what it means for building owners and explain how to install, upgrade and maintain the right infrastructure to serve the demands of today's tenants.
ISSAQUAH, WA-The buyer is not yet known, but real estate sources say the estimated $40 million deal is expected to close in about a month. The property's loan tenant is Microsoft, which last week notified Issaquah City officials it is delaying its office project in the Issaquah Highlands.
ORLANDO-Florida's largest business brokerage taps the state's northeast market with new operations in Jacksonville. The 15-year-old locally based firm did $28.9 million in sales last year, selling a range of privately-held business, including many with commercial real estate assets.
INDIANAPOLIS-The Indianapolis-based office and industrial REIT announced a 10.5% increase in funds from operation in the last three months of 2000, its 21st straight quarter of double-digit growth.
CHARLOTTE- Because no definite route has been established for the 20-mile Winston-Salem to Greensboro venture, the cost of the project remains unknown, according to a published article. However, Greenways Inc. officials confirm similar projects have averaged $200,000 per mile.
ROSEVILLE, CA-The 122-unit, $14.5 million project located in the heart of this city's central retail district opened its doors recently with an occupancy rate above 50%. Before it was completed in late December, the center was 35% pre-leased.
FARMINGTON HILLS, MI-Demand for good office space in Detroit and the Metropolitan Area will soften in next five years, but it will still exist, said the company.
CHICAGO-The market's largest industrial REIT will use PropertyFirst's Private Label System to market its inventory and maintain information on availability on the company's web site.
CHICAGO-The multifamily REIT and BPMT acquire the 483-unit AMLI at Osprey Lake. The 22-building project on 87 acres was built in 1997 and 1999. That fits in with the REIT's goal of keeping its portfolio young.