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DENVER-An Oak Brook, IL REIT is collecting $27 million for a 184,454-sf building in the Inverness Business Park. The sale will eliminate a potential negative cash-flow situation, says the REIT's CEO.
EVERETT, WA-Snohomish County economic development folks are raising money for a $4 million marketing campaign to prove Everett equally as attractive as Tacoma, which wouldn't have been saying much until recently.
PORTLAND-The contaminated property will be turned into a work-training and life-transition center for the developmentally disabled under a two-year old, Federally-funded brownfields cleanup program.
NEW YORK CITY-Renovation of the building, which includes new windows and elevator cabs and a new conference center, was one reason the bank decided to expand at its current location.
HOUSTON-A city-based developer and contractor specializing in industrial/retail build-to-suits is buying an industrial/flex building situated on 1.5 acres along the Katy Freeway. The seller is Horizon High Reach.
FT. WORTH-The Ft. Worth Credit Union likes the quiet life, making plans to build a 49,000-sf headquarters in the suburbs and abandon its downtown location. The project is expected to break ground this month and deliver in 2002.