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PHOENIX-A joint venture is in negotiations to purchase one of the largest malls in the metropolitan area for $42 million. The new owners plan to spend another $42 million over the next two years to update and add to the property.
AUSTIN-A telecommunications and entertainment provider, headquartered in Austin, has snagged a 10-year deal to install 1,170 passings to the Colonnade in Dallas. The multifamily project is the Colonial Equities' newest project in the Dallas-Ft. Worth metroplex.
DENVER-Gart Properties picks up two retail centers, paying more than $12 million and adding 311,151 sf to its 1.5-million sf portfolio. The long-range goal is 4 million sf to garner the metro area's lead spot for the largest private portfolio.
CHICAGO-Craig Morris will lead the real estate services firm's corporate services group. He will also have responsibility for managing the alliance with UK-based Knight Frank.
HAYWARD, CA-The four plans range from $2.4 million to $7.6 million to execute. The most expensive one would widen Main Street sidewalks and add more trees and an entry arch on Foothill Boulevard.
SAN FRANCISCO-The three were looking for a technology partner who could provide a workable solution for transactions on the Web, and found it in San Francisco-based netStruxr's SPACEdirect.
PHOENIX-With the vote of whether to fund a new football stadium for the Arizona Cardinals, proponents of a West Valley site say that building it there would cost half as much as elsewhere in metropolitan Phoenix.
PEMBROKE PINES, FL-The Fort Lauderdale, FL-based developer is adding the 19,000-sf boutique project to its 99%-leased Boulevard Square Shopping Center at Pines Boulevard and Hiatus Road, 30 miles north of Downtown Miami.