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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.
SANTA ANA, CA-Although it accounts for only 10% of First American Title Insurance Co.'s business, Phil Kunisch believes the Orange County market is healthy despite talk about a downturn in the economy.
SEATTLE, WA-The 944,574-sf high-rise on Third Avenue in downtown Seattle is all but leased up, with only smaller spaces totaling less than 40,000 sf available on a non-sublease basis. The communications company QuantumShift just tied up another 1,433-sf.
SAN JOSE, CA-A California Energy Commission hearing is "the next milestone" for US DataPort's 2-million-sf suite of Internet hotels, proposed for a 154-acre parcel in the northern part of the city.