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FAIRFIELD, CA-Vacancies are common along Texas Street in the central business district here, and construction levels are relatively low, except for one hillside in town.
ORLANDO-The 244-unit Downtown lakefront apartment complex, acquired by Atlanta-based Post Properties Inc. two years ago, is 100% leased. Two-bedroom, two-bath units rent for $2,525 per month.
LOS ANGELES-The county's Federation of Labor votes to honor transit unions' picket lines if strike begins on Friday. Downtown office market may suffer most.
HOUSTON-Texas Medical Center is paying about $15 million for the old 627,000-sf Nabisco bakery to be redeveloped into office and laboratory space. The 51-year-old plant's 21 acres is one of the few large parcels to hit the Houston market.
CHARLOTTE-The city council is asking the CHARLOTTE, NC-Justice Department to transfer a littered 4.6-acre lot to the Charlotte-Mecklenburg Development Corp. The agency would develop a $3.4-million shopping center to replace the sagging Westover Shopping Center.
DENVER-A local real estate partnership is shelling out $11.4 million for a prime 329.4 acres, which could bring as much as $1 billion in developments to the Denver International Airport submarket. The property has a tainted history dating back to the 1980s savings and loan crisis and ending with a sale forced by racketeering allegations surrounding a director of property owner, American Realty Trust of Dallas.
SAN FRANCISCO - The Center for Real Estate Enterprise Management, a group focusing on training for the real estate industry, has gained two new advisory board members.