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EVERETT, MA-Gateway Center, a 609,141-sf shopping center here, is open for business. The center, developed by Ohio-based Developers Diversified Realty, is the company's second foray into the Massachusetts area.
HILLSBORO, OR-Walgreen Drug Stores has reportedly made a better offer for the property, but the city says it is prepared to expropriate the property for use as police station by using its power of eminent domain.
ASHBURN, VA-Beaumeade's 60,765 sf office building here is under construction. The $9-million high-tech project should be finished by May 2001 with lease rates of about $25 per sf full service.
WALNUT CREEK, CA-The high-speed Internet access spinoff of BRE Properties Inc. says it will halt expansion efforts and concentrate on existing subscribers in the multifamily apartment industry. The news pushed the company's stock price down 72% on Friday.
NORTH MIAMI BEACH, FL-The locally-based REIT paid New York-based Ezon Realty $85.29 per sf for the 85,005-sf Shoppes of North Port in Sarasota County, 180 miles northwest of Downtown Miami. Ezon is holding a $4.4 million first mortgage at 6.65% interest for the buyer.
HOUSTON-Christmas retail may be slower than anticipated, but land sales are brisk. Among the recent buyers are Polycam Products and Metro Light Rail. Three medical buildings have been picked up by Northbelt Medical Investments.
DENVER-The Denver Broncos are bullish on luxury suites, planning another 18 for the under-construction $273-million stadium. To date, 106 have been sold with pre-sales pacts in hand for another five.