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SEATTLE, WA-J. Peterman's 2-year-old Pacific Place store in downtown Seattle is closing, along with all the company's shops across the nation. The closures are part of a Chapter 11 reorganization in which the company will refocus on catalog retailing.
MENLO PARK, CA-The 71-year-old artistic mecca known as the Allied Arts Complex could have been sold for at least $5 million. Instead, at least that much will be invested in its restoration.
LINCOLN PARK, MI-The City Council has agreed on a plan by developer Simeon Services for new condos and retail in a major overhaul of Downtown area. The agreement was signed after the city council dropped Surnow & Co.
SALEM, OR-With vacancies rising and a record amount of space coming online, the development pipeline is shrinking and developers prepare for a soft market. Vacancy rates for retail also rose during the third quarter.
WASHINGTON, DC-District of Columbia officials have set new restrictions on data centers, arguing they need to prevent large windowless buildings from turning promising undeveloped land into dead zones.
SAN DIEGO-Luxury units costing up to $3 million for a two-story penthouse in the Bankers Hill area are selling fast--months before the start of construction. The 120-million project features twin 14-story towers.
ORANGE COUNTY, CA-USF Reddaway Truck Lines paid $2.8 million for industrial space in Fullerton to house its regional cross-dock operation. Occupancy is scheduled for January 2001.
DENVER-A historic building developer pays about $15.3 million for a 108-year-old building that will be converted into office condominiums. Buyers should be able to get space for the same amount of their leases, says developer Charlie Woolley.