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NEW YORK CITY-Insiders and experts indicate Boston Properties, which as recently as two weeks ago was listed in published reports as the only bidder left standing, is no longer in hot pursuit.
WHITE PLAINS-Paul Adler, former chairman of the Rockland County Democratic Party, was indicted by a Federal grand jury on 14 counts of bribery, extortion and mail fraud in connection with some real estate deals in Rockland County.
SOUTH SAN FRANCISCO-The joint venture has secured environmental and design approvals for a major mixed-use project that will include 600,000 sf of office space, a 350-room hotel and 20,000-sf of retail space. Groundbreaking is scheduled for early 2001.
HOUSTON-The retail sector gets a significant boost, with Boyd Page Realty closing on 84,699 in leases. The new tenants are PetsMart, Old Navy, Ulta3 and Silver Spoon. The largest space taker in the leasing round is Old Navy.
SEATTLE, WA-In a market where the average home costs $310,000, redevelopment of two surplus county-owned buildings in Pioneer Square will provide affordable housing and workspace for Seattle artists.
TACOMA, WA-Oxbow Financial & Technology Center, the first building, will have six floors of offices, two of parking and two of retail. Rates in the building are expected to run $20-24/sf net, based on size, tenant improvements and the floor.
MIAMI BEACH-Ron Molko and Gene Grabarnick, principals in South Beach Resort Development, paid Whitehouse Properties $6.5 million or $196.97 per sf for a three-quarters-acre oceanfront lot (33,000 sf) between 14th and 15th Streets.
PHOENIX-Santa is coming early for commercial developers in Chandler, with a new freeway loop that will carry as many as 80,000 cars a day opening more than a year ahead of time on Dec. 23.
SAN FRANCISCO-San Mateo-based Webcor Builders is considering relocating its headquarters to the South of Market area while architectural firm Gensler moves its financial district office to Silicon Valley.