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FT. COLLINS, CO-Timberline Development is bringing a tried-and-true retail practice to Colorado. The developer is fine-tuning plans for the Great Colorado Marketplace, a 100,000-sf indoor weekend retail venue for specialty vendors.
HOUSTON-Light rail's a sure bet when it comes to sparking commercial real estate development, specifically around the portals. Those involved with the project point to other cities as proof that rental rates may rise, but so will the economy.
REDWOOD SHORES, CA-San Jose-based Divco West Properties is paying CIGNA Investment Management Inc. just under $400/sf for a 238,000-sf property while Daly City-based Callan Realty Co. is paying Lend Lease Investments just over that mark for a 138,000-sf property.
NEWPORT BEACH, CA-Snyder Langston of Irvine has been awarded the contract to renovate and upgrade the famous Balboa Bay Club in a project that will be done in two phases to accommodate members while construction is going on.
SAN DIEGO-The purchase of the La Mesa complex reflects a nationwide trend in the county, where apartment sales have reached the highest level in a decade.
OVERLAND PARK, KS-Road extension would allow access to undeveloped land sites along proposed 107th Street extension. The City Council will consider the issue next week, but a decision may not be forthcoming; the issue has been considered four times already.
PURCHASE, NY-Officials with Legg Mason Real Estate Services report that it has arranged a $14 million first mortgage loan for the ownership of the SoNo Corporate Center at 50 Washington St., in South Norwalk, CT.