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WASHINGTON, DC-Congress passed a bill allowing private development of the Southeast Federal Center. The 55-acre site on the Anacostia River in Southeast Washington is the largest undeveloped tract of land in the District.
AUSTIN-Stratus Properties Inc. is posting earnings of $0.2 million, equating to .01 cent per share, on revenues of $2 million. Meanwhile, it remains embroiled in talks with the city over entitlement rights for its projects.
WASHINGTON, DC-City officials have given up on working with DC architect Kevin Williams and his company, Dominion Development Corp. and requested new retail proposals on a 25-acre tract that it has sought to develop for about two decades. Williams and Dominion say they still have the development rights.
AUBURN, WA-A&M Warehouse, which collects and distributes liquor shipments and customs-bonded freight cargo, has leased 192,000 sf of warehouse space here in the Valley Centre Corporate Park. A&M is paying 32 cents per sf per month for the space.
INDIANAPOLIS-The big office and industrial REIT announces a slew of new developments, including a 525,000-sf e-commerce fulfillment facility for Kohl's Department Stores in Cincinnati.
PHOENIX-The Fort McDowell Yavapia Nation has offered a site on its reservation in the East Valley for a proposed new $335-million football stadium for the Arizona Cardinals, offering up competition to two other Phoenix suburbs for the attractive project.
DALLAS-Atkins Property Co. is joining the rush to meet space demands for users needing from 10,000 sf to 60,000 sf. The development company has secured 4.5 acres for a 60,000-sf spec project.