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SAN FRANCISCO-Locally-based Pacific Coast Capital Properties joins forces with San Jose-based Orchard Investors LLC and New York-based Blackstone Real Estate Advisors join forces to pay $108 million for more than 500,000-sf.
WASHINGTON, DC-The Bernstein Cos.' Consortium Capital Fund, in a joint venture with DRI Partners Inc. and CG Investments Inc., provided equity funding for the $12-million purchase of a 44,833 sf parcel of land at the corner of Massachusetts Avenue and 5th Street, NW.
CHEROKEE COUNTY, GA-Restaurant and Retail Developers Inc. of Kennesaw, GA plans a first-quarter ground-breaking in this fast-growing North Georgia county, 35 miles northwest of Downtown Atlanta.
WHITE PLAINS-Starwood Hotels and Resorts has sold three hotels in Denver, Albuquerque and Atlanta for $16 million and has another two hotel properties under contract for an additional $30 million.
NEW YORK CITY-The shopping center REIT has sold four shopping centers and its interest in a redevelopment site for $124 million. Its seven remaining assets are up for sale.
FORT LAUDERDALE, FL-Stiles Retail Group is also marketing the 12,000-sf free-standing retail outparcel building fronting South Federal Highway in Pompano Beach, 32 miles north of Downtown Miami. The shopping center is expected to be completed by the first quarter.
BOSTON-An agreement has been reached by city and state agencies on the Boston Harbor Plan, which will allow more than $1 billion in development projects on the waterfront to move forward.
SANTA CRUZ, CA-Although the main buildings will be at the UC's San Diego, Los Angeles and San Francisco campuses, UC Santa Cruz will also enjoy new science facilities in the form of the Center for Information Technology.
AUSTIN-Colliers Oxford brokers have capped seven leases in an end-of-the-year rush for 245,100 sf in the state capital. The most significant signing is 200,000 by Vignette Corp. at Barton Skyway Office Park.