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CHICAGO-Developers and city hall insiders say Alicia Mazur Berg, a 10-year veteran of the city's department of planning and development, has the people skills and deal-making ability to handle the top job.
LOS ANGELES-A privately held trust associated with the Hutton Foundation, which provides grants to nonprofit groups, has sold a 114,000-sf, mixed-use park in Riverside.
BOCA RATON, FL-Nearly 20 years ago, the TechCenter 051 Building became a focal point of top-secret, high-tech research around the time the manufacturing giant began development of the personal computer.
CHICAGO-The telecommunications firm is leasing 173,151 sf, or 18% of the office building near the intersection of Lake Street. MCI WorldCom will have 850 employees working there beginning in May.
ORANGE, CA-In total, Essex Property Trust Inc. paid $66.9 million for two multifamily properties. The 90-unit OC complex, located on seven acres, brought $10.1 million.
COUPEVILLE, WA-The trust negotiated the deal with the Engle family. The funds came out of the Federal Land and Water Conservation Fund, which is funded by lease revenues from those who develop resources on federal land.
WEST LONG BRANCH, NJ-The online real estate agency, only in business since last March, has sold $100 million in homes with another $50 million pending. This dotcom is succeeding in the face of the shakeout.
MIRAMAR, FL-Jim Bowie handled the sale of a 198,400-sf building; the leasing of two buildings totaling 126,266 sf; and the purchase of two tracts totaling 14.77 acres at the two-year-old, 34-acre park, 20 miles northwest of Downtown Miami.
ORLANDO-The 20-year-old, 4,000-acre south Orlando community posted 119 third-quarter sales valued at $24.5 million or an average $205,882 per unit. Dallas-based Terrabrook is the developer.
DEPTFORD, NJ-The 202,000-sf strip mall, loaded up with big-box tenants, is located directly across from Deptford Mall, one of South Jersey's powerhouse retail properties. It has been bought up by an investment partnership.