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ISSAQUAH, WA-Derus Development is the developer. The lender is HomeStreet Capital. The $14.9-million financing covers construction of the second phase and land development for the third phase.
LOS ANGELES, CA-The groundbreaking for a $22 million technology center, slated for today (Monday, Dec. 2) at East Los Angeles College, is the first step in a $200 million building program.
NEWARK-Wank Adams Slavin Associates, which has been around since 1903 and is based in New York, aims to increase its presence in the Garden State's construction market.
FORT LAUDERDALE-The Altman Cos. of Boca Raton and the locally-based Abdo Cos. are planning 338 residences in two 22-story buildings facing New River here.
HOUSTON-The 356-unit Calais at Courtlandt gets a construction loan and a lead equity partner. The financing arrangement, nine months in the making, has been signed between Greystar of Charleston, SC and Phoenix Capital Partners of Seattle.
PHOENIX-In a move some say reflects a renewed tenant interest in the city's Central Business District, Phoenix-based architectural and interior firm Archicon L.C. will relocate its offices into 9,320 sf in mid-town's 4041 Central Plaza.
NEW YORK CITY-The legendary record label trades 10 floors for three, though its total footage remains nearly the same. Colliers ABR represented Arista in the 11-year sublease deal, while Cushman & Wakefield represented sublessor Random House.
FRANKLIN, MA- New Boston Fund, Inc. and Condyne LLC Real Estate Development will develop a 233,450-sf, distribution center in the Franklin Industrial Park. The companies anticipate that the spec project's location as well as the area's lack of large industrial space will prove appealing to potential tenants.
SOUTH LYON, MI-The local architectural firm is handling four private hotel conversions to national chain locations for more than $20 million. The company is looking for more work beyond the projects in Atlanta; Chattanooga, TN; Springfield, OH and St. Louis.
BRECKENRDIGE, CO-The 85-acre New Urbanism community a mile from the ski area's Downtown wins a National Award for Smart Growth Achievement from the US Environmental Protection Agency. The traditional neighborhood replaces a mining operation.