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PORTLAND-Unable to release the "full proposals" as promised after one previous delay, the city's urban renewal agency produces bulleted briefs of the competing plans showing who's aligned with whom, number of floors and parking spaces, project schedule and whether the 800 required rooms would be delivered in phases.
AVONDALE, AZ-A partnership sells 318,410 sf the 620,000-sf Gateway Pavilion for $68.8 million to Inland Western Retail Real Estate Trust Inc. The newly constructed center is 92% leased, to tenants includingCircuit City and the Sports Authority.
DENVER-The Fort Worth-based company pays $180 per sf for the three-year-old building that has a 25% vacancy rate. However, Crescent Real Estate Equities Co. note the Southeast submarket has been leading the area office market's recovery.
ATLANTA-The oldest and largest privately held commercial real estate firm here elevates Bill Morrison, Michael Hoath and John Jokerst to vice president's positions and names Tom Lawrence and Carey Poole as new directors.
SEATTLE-The New York-based retirement fund TIAA-CREF pays $348 million for the 40-story, three-year-old Downtown office building here as part of a $1.47-billion five-property acquisition from National Office Partners, a limited partnership of Texas-based Hines and the California Public Employees Retirement System.
ARLINGTON, VA-With the recent approval from the Arlington County Board, a 251-unit condominium development with 20 affordable housing residences set aside will make its way to South Arlington.
PISCATAWAY, NJ-Rutgers University wants to develop the mixed-use College Town on a 44-acre site adjacent to its Livingston College campus here. If it's approved, the project would be put up for bid to private developers.
BOSTON-ARA New England scores with two separate deals in Boston and Malden. Alpha Management picks up 200-unit portfolio in Boston, while Coliseum Investment takes 104 units in Malden.
BOSTON-The investment firm plans for a mixed-use developmentin the Seaport District. Berkeley president sees future for development as "Boston's Tribeca."