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CHARLOTTE-The buyer plans to invest $900,000, on top of the $665,000 purchase price, restoring and converting the Joseph Sykes Brothers structure to offices for itself and Luminar Studios, an affiliate.
BOSTON-As it prepares to vote on a proposal to build a ballpark here, the city council voiced its opposition at a public hearing. The council believes the project will cost the city more than originally anticipated.
WHITE PLAINS-Allied Irish Bank has leased approximately 30,000 sf of space at 333 Westchester Ave., the former Kraft Foods headquarters complex here, according to property owner Cohen Brothers Realty Corp.
AVON, CO-It's been three years in the making, but a developer has reached the turnkey stage on a $45-million condo, retail and office project. The development includes 100,000 sf of retail and 25,000 sf of office space.
PHOENIX-Downtown Phoenix boosters are considering three potential sites in the area to build a $335-million, 73,000-seat stadium for the Arizona Cardinals, but want to tie the stadium to a $500-million expansion of the convention center.
GRAPEVINE, TX-The 98% leased Grapevine Mills, one of the state's largest retail centers, snags permanent financing for projects completed in the past year. The properties had been privately financed, says GMAC.
CHARLOTTE, MI-The city and the State of Michigan offer the company over $1.5 million in tax abatements to build an assembly plant here, a $10 investment by the company that will create 50 jobs.
SAN JOSE, CA-Santa Clara Valley Medical Center offices, now spread out over four separate sites, will come together in the planned $94-million facility by 2005. The County Board of Supervisors will sell bonds to finance construction.