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ATLANTA-Forsyth County and the Trust for Public Land bought Sawnee Mountain and the 295 acres on which it stands from various landowners for $6 million or $20,339 per acre. The purchase was made to preserve the mountain in the face of rapid development in one of the fastest growing counties in the nation. The mountain is 35 miles north of Downtown.
SUNNYVALE, CA-Construction is underway on three office buildings and a 380,000sf retail complex, in addition to plans that will see a mall expanded and two new apartment communities built.
VANCOUVER, WA-"A lot is going here that 99% of people who live in Portland don't know about," says Colliers International broker Scott Fraser, explaining that Nexus Properties LLC acquired the Heritage Building in response to the extensive redevelopment going on in downtown Vancouver.
CHARLOTTE- The Crossings at Nations Ford will have a 119,894-sf office-warehouse structure and a 78,736-sf flex space building on a 30-acre site on Interstate 485 at Nations Ford Road.
BEND, OR-The growth is in part due to a vibrant Central Oregon economy that resulted from Deschutes County -- the company's primary market -- ranking No. 1 in the Northwest in rate of population growth in the past decade.
KILLEEN, TX-Trammell Crow has split ownership of the Killeen Marketplace Shopping Center. The 115,203-sf first phase is now the property of Weingarten Realty Investors while Trammell Crow is holding onto about eight acres for new retail projects.
DETROIT-The township's planner says more than one-third of permits for housing in the township located halfway between here and Ann Arbor are for apartment units. However, he also has reviewed plans for 1,000 condos.
CHICAGO-LaSalle Bank chief economist Carl R. Tannenbaum hates to hear the "r" word because he thinks the economy is in for a soft landing. However, he warns retail brokers to be "very, very careful" in 2001.
ISSAQUAH, WA-The 570,000 sf development now under construction at Opus Northwest's Sammamish Park Place will become the software giant's next campus, bringing its occupancy of Eastside office space to an estimated 8.4 million sf.
DETROIT-Rental rates dropped by more than 10% in the past year, according to the realty firm's fourth-quarter industrial report, but sales and lease activity are evidence of a strong market.