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EMERYVILLE, CA-Due largely to its central location, commercial real estate in Emeryville has been booming recently. The city hopes to fend off a housing crisis with the retail and housing project.
WASHINGTON, DC-A Dutch pension fund is close to selling a four-year-old office building at 1900 K St. NW for close to $400 per sf. It would be one of the priciest sales in Washington this year.
ATLANTA-Capital Hotel Investments bought properties in Alpharetta, GA, Los Angeles, Fort Worth TX and the Virgin Islands. Capital principals are Marriott International and affiliates of Blackacre Capital Management.
ROCKVILLE, VA-A joint venture between Atlantic Realty Cos. and Foulger-Pratt Construction Inc. has broken ground on a five-story, 102,632-sf office building in Rockville, the latest project in the Shady Grove corridor.
DALLAS-Transcontinental Realty Investors Inc. sees its REIT status loss as a vehicle to pursue acquisitions, management and development opportunities. Stock purchases in June, July and August usurped the standing, which can't be reinstated for five years.
SAN FRANCISCO-Gilbert Castle, a specialist in the field of Geographic Information Systems, will oversee the company's efforts to launch its real-time, Internet-based site selection, acquisition and management solution for retailers and hoteliers.
VIENNA, VA-Chain Links Retail Advisors signed MyShoppingCenter.com to provide broadband connections and services to the properties it represents. Both say the retailers' broadband needs have been underserved.
SAN FRANCISCO-The $95-million acquisition includes air-freight facilities totaling 896,721 sf on-tarmac at the Baltimore-Washington, Dallas/Ft. Worth, Dayton, Jacksonville, Kansas City, Los Angeles, Philadelphia and Seattle-Tacoma airports.