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EVANSTON, IL-A multifamily property immediately northeast of Northwestern University's football practice field in this North Shore suburb on Chicago's border has been sold to a partnership for a reported $7.925 million.
LOS ANGELES-Opus West starts 132,800-sf speculative office development in Westlake Village, betting that demand in the county's emerging "technology corridor" will remain strong.
KANSAS CITY- Gould Evans Goodman Associates has promoted Elizabeth Garvin, Chris Talbert and Tim Woofter. Their experiences range from development, information systems and designing banks, schools and medical facilities.
WASHINGTON, DC-Allegheny Energy Inc. and PPL Corporation now own Potomac Electric Power Company's share in the coal-fired Conemaugh Generating Station near Johnstown, PA. The $156 million deal settled Jan. 8 and allows Peco to diversify operations.
ORLANDO-In the highest per-sf land deal Orlando's largest business park has recorded in 37 years, TT of Sand Lake Inc. paid Orlando Central Park Inc. $3.6 million for a 6.55-acre tract that will house an undetermined franchised dealership.
DENVER-Amid concerns of a recession, the Denver office of Marcus & Millichap predicts slow, but steady retail growth for this year. The forecast report says the metro area should experience a slight decline in vacancy despite an extra 3.7 million sf added in year 2000.
LYNWOOD, WA-Opus has released initial designs for its 90-acre Northpointe campus near here. It will contain more than 700,000 sf of Class A office space and include more than 40 acres of open green space.
OAK PARK, IL-After seven months as senior vice president for the New York City Housing Development Corp., Edward Solan returns home to this Chicago suburb to run the Oak Park Residence Corp. as well as the village's housing authority.
NEW YORK CITY-Four of the companies are Hong Kong firms looking to establish a foothold in the US. Also, six current tenants have renewed their leases and three have expanded their space.