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WASHINGTON, DC -A DC Council committee gave Dominion Development about six weeks more time to line up retail tenants for the Camp Simms project and convince the city it can finish the project.
LAKEWOOD, WA-Kentucky-based Great Northwest Development Co., which is planning a $130-million theme park here, has found a new, 80-acre site that is more accessible to Interstate 5 and a future commuter rail station than the 100-acre site originally picked.
ATLANTA-The 13-year-old, 1,500-acre Gwinnett Progress Center has 4.5 million sf developed or under way in class A office, office/warehouse and bulk distribution products.
ATLANTA-The locally-based firm continues as one of the industry's top-performing REITs. Cousins-owned office buildings are 98% leased; retail centers 95% leased; and medical facilities, 86% leased.
ATLANTA-The price of the 24-year-old, South Plainfield, NJ building is on the high side but the locally-based REIT expects the deal to pay off over the long haul. Motorola's lease has an estimated value of $59 million.
DALLAS-American Industrial Properties has a buyer after a year-long search. Cleveland-based Developers Diversified Realty will acquire all outstanding shares plus sell off 32 properties to fund the takeover.
PORTLAND, OR-The 7.82-acre site in unincorporated Washington County includes three connected buildings containing a total of 188,500-sf of space. The locally-based clothing retailer plans to renovate and occupy the space within a year.
SCARSDALE, NY-Despite an ongoing $5 million renovation program, leasing activity continues to be strong at Two Overhill Road in Scarsdale, according to brokers who have recently secured more than 15,000 sf in lease deals.
POMPANO BEACH, FL-The new owner could take over the one million-sf retail property by New Year's if the current principals settle a $14.2 million debt with New York lender CDC Mortgage Capital.