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REDMOND, WA-Boston Scientific would prefer the structures and 8.5 acres of the site go as a package, but will consider separate sales of the two buildings. The disposition is part of a nationwide downsizing by the medical device manufacturer.
BOSTON-Hoping that this area becomes an address for office space, Intercontinental Cos. is renovating the former Stop & Shop bakery here in the North Station area. The $90-million project involves adding an additional six floors to the building.
ATLANTA-Speculator Lawrenceville-Suwanee Associates bought 116 acres in three parcels for $13.3 million or $114,655 per acre ($2.63 per sf), which it plans to sell to the Schaumburg, IL-based high-tech manufacturer at an undisclosed price.
DETROIT-The Rochester and North Oakland areas are experiencing apartment construction activity while the Troy, Birmingham and Farmington submarkets have seen heavy condominium conversions.
WEYMOUTH, MA-MassTech Center's plan for the former Naval Air Station here is getting a lot of publicity but officials from the South Shore Tri-State Development Corp., which is overseeing the base's reuse, are frustrated by the company's lack of a specific plan.
KERRVILLE, TX-Dormant acreage is in high demand in the Hill Country's Kerrville, where a premier golf course community has sparked developers' interests. The inquiries are pouring in as work progresses on the 1,232-acre Comanche Trace project.
LOS ANGELES-Two major leases valued at $6 million bring occupancy level up to 100% at the new 127,845-sf LAX Cargo Center, the industrial building acquired by San Francisco-based AMB Property Corp. for $11.5 million.
YAMHILL, OR-The Mitchells plan to sell the lodge, airstrip, motel and some of the campground. The asking price is $4.6 million. The family plans to retain its homes and stables, and will continue to offer horseback rides.