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FEDERAL WAY, WA-The buyers were Costco, which bought five acres, and an unnamed Beverly Hills-based family that purchased 12.89 acres - one of the local development's only remaining undeveloped parcels.
TALLAHASSEE, FL-The New York-based real estate investment company paid Acadia Realty Trust $62.87 per sf for the 501,000-sf, fully-leased Northwood complex largely occupied by state agencies.
DENVER-Time to build more, says Majestic Commercenter owner, who has just sealed a deal for the final industrial space of its newest building. Come June, Majestic Realty will have two more warehouses ready for occupancy.
AUSTIN-For five years, Trajecta has been building an impressive client roster from its home port in Austin. Now, the company is spreading its wings, opening an office in Virginia to be closer to clients.
SEATTLE, WA-Jim Larkin proposes to construct 100,000 sf of office space, the maximum allowed by zoning. The balance of the space would house a computer data center and telecommunications operations.
DALLAS-It's not that Konover Property Trust doesn't like Texas, it's just not east enough for the North Carolina-based REIT, which is looking to sell all Lone Star State holdings. Credit Suisse First Boston has been hired to find a taker for 28 outlet centers, including five in Texas.
NEW YORK CITY-The changeover, which is expected to take a year to complete, is designed to deliver the benefit of cash flow without having to sell properties and pay taxes.
SAN JOSE, CA-The five parcels to be redeveloped are located throughout the San Jose central business district, with the largest being a 5.1-acre property at Santa Clara and First streets. Three parking lots also are on the list.