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LONDON-Plans for London to bid for the 2012 Summer Olympic Games have received backing from the four top professional bodies in the property and construction sectors. They believe the games would bring major regeneration benefits to east London.
KEARNY MESA, CA-The facility, which is rising on Othello Avenue in Kearny Mesa, will encompass two stories and 7,000 sf at build-out. Completion is slated for December 2003.
ATLANTA-The mixed-use loft conversion in West Midtown near Downtown is offering space in 112 units for as much as $200 per sf. The property housed the King Plow farm equipment manufacturing firm from 1902 to 1986.
HOUSTON-The Allen Group of Carlsbad, CA, makes its Texas entry with a raw materials distribution hub with a land and sea direct connect. CBRE and IMS Worldwide make up the rest of the team for the Houston investor's project.
PHOENIX-Three employees have been brought in from the Colorado and West Des Moines divisions while the fourth newcomer is a hire from the metro market. Their positions range from project engineer to assistant project manager.
CHICAGO-Property owners, including the Art Institute, object to a two-block stretch of Wabash Avenue being designated a landmark Jewelers Row district, as well as redevelopment for profitable uses.
NEW YORK CITY-Partnered with Cushman & Wakefield, nine nationwide minority and woman-owned businesses have joined together to form Concordis Real Estate--an industry first. The alliance officially launched April 16 during an event held here.
RICHMOND, VA-The massive expansion of the Virginia Museum of Fine Arts takes a step closer to realization with the recent unveiling of the design for the $100-million project. Upon final completion in 2007, the arts facility will have added 100,000 sf of gallery space as well as a new 600-vehicle garage.
SEATTLE-The Quality Food Center division of The Kroger Company is nearing a Master Use Permit to redevelop a one-plus-acre site at 39th and Stone Way with 26 town homes and a 35,000-sf grocery store sandwiched between two levels of parking.
MIAMI-The global investment group acquired the 272,914-sf, class A shopping center from Invesco Realty Advisors for about $190.53 per sf. The plaza is about 98% occupied, and the anchor tenants are Albertson's, Toys 'R' Us, LA Fitness and Office Max.