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PORTLAND-The Rose Quarter has been dormant since billionaire Paul Allen's initial round of construction built the Rose Garden Arena for his NBA team and One Center Court, the offices for his Portland-based companies.
RALEIGH, NC-Local developer John Kane has signed a letter of intent to purchase North Hills Mall 2000 from the O'Connor Group of New York for an undisclosed sum. Tenants suspect the deal, tentatively scheduled to be closed by year end, will be delayed
ORLANDO-With its last big deal wrapped up, the brokerage is leaving the local commercial real estate turf. Headed by Floyd Fawsett, a former professional football halfback with Atlanta in the 1950s, the firm's main client for most of its existence was the wealthy Saudi Arabian family directed by Yousef Jameel.
CHARLOTTE-Southern Development Partners pays First Charter Bank $3.5 million or $51.47 per sf for the seven-story, 68,000-sf former Home Federal Savings Building at 139 South Tryon St. About $4 million in renovations is expected to be completed by next summer.
BELLEVUE, WA-Each of four 23-story towers will also include 3,000 sf of retail space, possible tenants for which would include a restaurant and service companies such as a dry cleaner and a business-service center.
ST. PAUL, MN-A notable St. Paul neighborhood economic development group, the Frogtown Action Alliance--which served the Thomas-Dale community--has filed for bankruptcy and will be liquidated.
ORLANDO-By all accounts, this should be a no-brainer but instead of condemning and razing the often rat-infested Parramore Village, Council members are offering to buy the 69 units from private owners at an estimated aggregate market value of $1.38 million.
ROMEOVILLE, IL-The state-of-the-art industrial facility is now 60% pre-leased before its scheduled opening in early 2001. Features include its immediate access to I-55.