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OVERLAND PARK, KS- Boston pension real estate investment advisor buys the 217,000-sf Executive Center with plans to upgrade the facility into a Class A building.
AUSTIN-It's taken decades, but Austin has finally caught the attention of Houston's luxury multifamily developer, the Morgan Group Inc., which has two parcels under contract for high-end developments in the city's northern submarket. And, feelers are out for urban infill sites in Dallas.
SUNRISE, FL-This Broward County city has taken the unusual step of approving a $300,000 interest-free loan to a developer to speed up the start of construction on a 400-room Marriott hotel across from the National Car Rental Center sports and entertainment facility. Estimated project cost is $22 million or $55,000 per room.
PLEASANTON, CA-A developing 19-acre office park here will have its own on-site power supply courtesy of a Sacramento energy firm. The first three 30,000-sf buildings in the development will be available mid-2001.
TACOMA, WA-Plans are being unvelied today for development of a nine-story Asia Pacific Cultural Center on a surface parking lot here. An APCC board member who works for Colliers International is working to close the deal.
CLERMONT, FL-The $1-billion, nine-year-old mixed-use planned venture loses a final request to Lake County commissioners for a five-year extension after landowners disclose they can't meet a Dec. 18 state-mandated deadline to start building.
KENT, WA-The Great Wall Shopping Mall, a shopping center that features Asian businesses, got off to a slow start. But 18 months after opening, the south Puget Sound shopping center is nearly full.
FORT LAUDERDALE, FL-Construction is ready to begin on Las Olas City Centre in this city's Downtown area. Stiles Corp., which heads the development team and will handle all aspects of the venture, has preleased a substantial chunk of the new high-rise to Bank of America.