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REDMOND, OR-The U.S. Bureau of Land Management and the Central Oregon Irrigation District have published a notice of land exchange wherein the COID gets 254 acres here and the BLM gets 30 acres at Cline Falls on the Middle Deschutes River.
MIAMI BEACH-The eight-story, 140,000-sf Lincoln Place, under construction at Washington Avenue and 16th Street in this eight-mile long, trendy tourist destination, expects to be open for business by early 2002. Comras Co. and financier LNR Property Corp. are doing the project.
REDMOND, OR-The U.S. Bureau of Land Management and the Central Oregon Irrigation District have published a notice of land exchange wherein the COID gets 254 acres here and the BLM gets 30 acres at Cline Falls on the Middle Deschutes River.
ATLANTA-Total System Services of Columbus, GA has signed a 10-year lease for 60,000 sf space in 200 Barrett Summit, which is expected to be completed at year end 2001. The estimated value of the lease is $15 million.<p>
LOS ANGELES-Government officials move in on Rotary Rocket Co., the Mojave-based firm partially financed by novelist Tom Clancy that is trying to build a reusable spaceship, after the company failed to pay its property taxes.
DELRAY BEACH, FL-The developer bought the 4.6-acre site from the city's Community Redevelopment Agency for $1.3 million or $282,605 per acre ($6.49 per sf). The residential side's 59 units are priced from $130,000.
IRVINE, CA-The Bascom Group has closed escrow on three apartment complexes, all located in the city of West Covina. The company buys multifamily and industrial product throughout Southern California.
DENVER-Two local investors are on the right track to take over a 31-story, 460,000-sf tower that's been standing empty for three years. DHG Finance has kicked in $13.6 million to buy out Starwood Hotels & Resorts' interest.
PISCATAWAY, NJ-American Standard Cos. Inc. has announced today (Dec. 28) that it will close one manufacturing plant and lay off 1,200 people in an effort to implement an operational consolidation and streamlining plan.