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THE TRYAD GROUP AND ALEX MILTSCH TO DEVELOP ROCHESTER PARK STUDIOS
ROCHESTER, N.Y. — The Tryad Group and Alex Miltsch have announced the development of the Rochester Park Studios at the Rochester Technology Park in Rochester. The project will be constructed in two phases. The first phase of development will take place within Buildings 2 and 3 of the Tech Park and will include the development of permanent sound stages, planned back-lot locations, post-production facilities, dedicated production office space and mixed-use space to accommodate production industry vendors and support companies. The second phase of development will be the construction of an adjacent office building for filmmakers, production companies, musicians, creative professionals, ad agencies, production and support businesses and vendors, as well local businesses and academic institutions that serve as incubators for the local film industry. The Tryad Group owns the 5 million-square-foot Rochester Technology Park and Miltsch is the president and founder of Rochester Park Studios.
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DeBartolo Development is developing Mountain Vista Marketplace, a 1.3 million-square-foot mixed-use project in Mesa, Ariz. |
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DEBARTOLO BREAKS GROUND ON 114-ACRE MIXED-USE PROJECT
MESA, ARIZ. — DeBartolo Development has broken ground for the construction of Mountain Vista Marketplace in Mesa. The 114-acre, 1.3 million-square-foot mixed-use project will feature 700,000 square feet of retail space, 384 upscale apartment residences and two national-brand hotels. The more than 300,000-square-foot first phase is slated for completion in spring 2009. Currently signed tenants include SuperTarget, Marshalls, Petco, Bank of America, Dick’s Clothing and Sporting Goods, Cracker Barrel Old Country Store® restaurant and Shoe Carnival. CLC Associates provided architectural services for the project, while VCC USA served as general contractor.
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CBRE ARRANGES 216-UNIT MULTIFAMILY PURCHASE
INDIANAPOLIS — CB Richard Ellis (CBRE) has arranged the sale of Riverchase Apartments, a 216-unit apartment community located at 2730 Riverchase Dr. in Indianapolis. Steve LaMotte and Amy Burmeister of CBRE’s Multi-Housing Group represented the seller, JC Hart. The property was acquired by Colorado-based Continental Realty Advisors, and represented the company’s first acquisition in the Indianapolis market.
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RIDA PURCHASES ORLANDO LAND PARCEL FOR $250 MILLION MIXED-USE DEVELOPMENT
ORLANDO, FLA. — Houston-based RIDA Development Corp. has purchased the 5.6-acre Plaza site in downtown Orlando, from Weston, Fla.-based Downtown Plaza, for $15 million. The site will be redeveloped as a $250 million mixed-use project. The property is located at 400 N. Orange Ave. on a city block bordered by Orange Avenue, Amelia Street, Livingston Street and the Linx bus station near Interstate 4.
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HINES REIT ACQUIRES WILLIAMS TOWER
HOUSTON — Hines REIT has acquired Williams Tower, a 64-story office building located at 2800 Post Oak Blvd. in Uptown Houston. Amenities at the 1.5-million-square-foot tower include a retail bank and ATM in the lobby; a conference center; a lobby-level art gallery; a sundry shop; a drycleaners; a deli; and a coffee bar. Transcontinental Gas Pipe Line Corp., Black Box Network Services; Hines and Hines REIT (corporate headquarters); Rowan Cos.; Van Kampen Investments; Citicorp North America; CBRE Melody of Texas; Wachovia Bank; and Williams Field Services Co. are a few of the major tenants at the 94 percent-leased building. Cushman & Wakefield represented the seller, Transco Tower Ltd., in the transaction, which also included an undivided interest in the adjacent 2.8-acre Waterwall Park and another 2.3-acre undeveloped land parcel across the street. Hines developed Williams Tower, and has managed and leased the building since its completion in 1982.
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Balancing Act: Developing Dallas Cowboys Stadium
A change of venue doesn’t mean a change in tradition
It’s one of the most recognizable brands in the United States, and possibly the most well-known of its kind in the world. You’ve seen it on television, in the workplace, on t-shirts everywhere and in the hearts and minds of millions. Coca-Cola? McDonald’s? These brands are popular — even ubiquitous — but they don’t hold the sentimental value represented by the Blue Star of America’s Team: the Dallas Cowboys.
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