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SAN DIEGO, CA-The Currie Partners is preparing to start work on Phase II of its $12.5-million Rio San Diego Plaza, with groundbreaking just a few months away. Design is currently underway, as KMA Architecture & Engineering has recently been retained to plan the second phase.
ATLANTIC CITY-The combination of the two adjacent properties creates this city's biggest hotel/casino with more than 1,750 rooms and almost 180,000 sf of casino space.
PORTLAND-A division of freight hauler Schneider National takes one-third of the smaller building at the first phase of Rivergate Corporate Center, a 488,000-sf speculative project by Multi-Employer Property Trust. A 400,000-sf user may soon help launch the 607,000-sf second phase of the development.
LOS ANGELES, CA-The $4 million renovation project at the former Wyndham property is nearing completion. The hotel is in a building that dates back to the 1920s and is designated as a historic site.
LONDON-Denver-based ProLogis, the world's largest industrial REIT, will develop two build-to-suit distribution facilities for Ahold Polska for a total of 614,618 sf in Piotrksw and Bedzin, two key Polish distribution markets.
ATLANTIC CITY, NJ-The Post Office is looking to replace its existing 65-year-old local facility with a new 28,000-sf complex that would include 6,000 sf for its retail unit.
PHILADELPHIA-The Port Washington, NY-based REIT contemplates redevelopment of an 89,000-sf former Montgomery Ward unit and other renovations for the 523,000-sf mall located on 44 acres in Camp Hill, PA. The seller is an affiliate of Connecticut General Life Insurance Co.
PHILADELPHIA-The US sales and distribution arm of the Germany-based athletic footwear and apparel supplier fills three of five buildings owned by Aurora, CO-based ProLogis at Airpark Distribution Center on I-275 and Route 20.
DENVER-The $40-million, 196-room J.W. Marriott is expected to command average room rates of about $170 per night when it opens in the spring of 2004 on the Sears Roebuck & Co. site.
FAIRFAX, VA-The AMS Building--the 264,000-sf, class A office structure at 12601 Fair Lakes Circle--gets a new owner with Prentiss Properties Trust's $55-million purchase of the property from Gilbane Building Co. American Management Services has a lease on the entire building through 2011.