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ST. PAUL, MN-Northwest Area Foundation will be the main tenant in the building, which will be renovated by local developer Steve Wellington. The city would contribute $2.7 million in tax-increment financing for the $8-million project.
GRESHAM, OR-In phase two of its development here, more than 800 apartment units, 250,000 sf of retail and 200,000 sf of office space will be added on land Center Oak owns and on land it's selling to residential developers.
HUDSON, MA-A little over a year after Intel announced that it would be investing $1 billion to develop a chip-making plant here, the company announces that it is halting construction on part of the project.
LOS ANGELES-One Hanover partnership acquired a 253-unit multifamily portfolio in Panorama City, and another Hanover joint venture sold a 33,000-sf office facility in Glendale.
AUSTIN-Two Colliers Oxford Commercial brokers have done their own calculations about the city's vacant sublease space. It's higher than ever, but not nearly as high as others in their field have claimed.
HOUSTON-Houston Wayside Business Center has signed two tenants that will make for odd neighbors. One is a charter school and the other, a commodities inspection and testing firm. The office-warehouse design is ideal for classrooms, says the broker.
DALLAS-Lazarus Property Co. is hard at work to deliver the CBD's first for-sale condos, with marketing to launch in 90 days. The overhaul to the 171,000-sf building, vacant for nearly a decade, is expected to cost between $20 million and $30 million.
WASHINGTON, DC-AMI Capital, based in Bethesda, MD, closed the Fannie Mae refinancing loan on the Dakotas Apartments, a 45-unit garden-style community located at 5543-5549 South Dakota Ave. in the Northeast.
NEW YORK CITY-The Penn Station Redevelopment Corp. has selected a joint venture between the Staubach Co. and Frankfurt Airport Services Worldwide to develop, maintain and operate the new Farley-Penn Station.