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KATY, TX-The buyer pays about $18 million for the 145-key hotels and immediately raises its flag, Extended Stay Deluxe, in the far west submarket and Sugar Land.
CASA GRANDE, AZ-The PepsiCo affiliate will keep 10 acres for a distribution center and Arizona Land Group gets the rest of the $5.3-million buy for development sites.
RICHARDSON, TX-Koll Development turns crews loose this week on a one-million-sf build-to-suit campus for Blue Cross and Blue Shield of Texas. Delivery is late 2009.
OAKLAND, CA-The latest phase of the one-million-sf redevelopment includes a 170,000-sf mixed building that will house the Jack London Market and waterfront offices.