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SAN FRANCISCO-The funds are designed to address the impacts of the expansion of the Potrero Hill power plant and the shut down of the Bayview Hunters Point power plant. Possible uses include grants for scholarships, endowments and budget shortfalls.
TACOMA, WA-The acquired properties include the 75-year-old Kress Building at 934 Broadway, abandoned by Kress in 1972; the 50-year-old Woolworth Building at 955 Broadway, vacated by Woolworth in 1993; and the 94-year-old Payless Building at 930 Broadway that Payless deserted in 1979.
SEATTLE, WA-The Seattle Art Museum will initiate a fund drive in January to raise the remaining $2.56-million necessary to acquire R.C.'s Billiards at 10 Broad St. with owners Marlene Ivey and Larry Lesley and a third party who owns an option on the land.
KENOSHA, WI - Riverboat casino operators inks a deal to build a new Indian casino just north of the Illinois border, midway between the Chicago and Milwaukee markets.
PHOENIX-Retail space in the Phoenix metropolitan area should end the year with a vacancy rate at or below 5%, but that rate is sure to rise at least slightly in the coming year, with dozens of grocery store locations coming on the market.
AUSTIN-AMLI Residential has ended the year on a high note, reaching stabilization and lease-up of seven apartment communities nationwide. Austin's Monterey Oaks is the point man in the lease-up category.
BOSTON-Westbrook Partners continues to penetrate the area as it acquires 50% of One Beacon St. Nearly a quarter of the 1.1 million sf of the office tower will soon be available, which is a substantial amount of space in a market that is still fairly tight.