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The 26,505-square-foot building in the Oakridge Business Center at 2330 Cousteau Court, Vista 92083, has been sold for $3.5 million. The buyer was Marselle LLC (dba Solsource Logistics), 2180 Las Palmas Drive, Carlsbad 92011. Marselle is headed by Oren Zaslansky as trustee of the Zaslansky Revocable Trust. The property will serve as corporate headquarters for Solsource Logistics. Community National Bank provided a purchase loan of $2 million and a construction loan of $1.6 million. The sellers were Frank Jiann Fu Yang, May Mei Huey Yang, Calvin Tseng Yang, dba Micro-Tech Scientific Inc. Micro-Tech then leased back approximately 6,000 square feet for three years. .
Road Construction blocked and barricaded drivers in Sioux Falls this summer from driving in certain areas of town. But many of those projects are now winding down.The main artery on the west side is in its final phases of construction. West 12th Street at I-29 is right on schedule to be completed by November 15th Drivers can now go straight through on West 12th Street, but on- and off-ramps to the interstate are still under construction. Drivers can exit onto 12th Street from Northbound I-29, though. Four out of five Sioux Falls drainage projects are also right on time... in fact, one is already done. 33rd and Duluth was finished last Friday. Pendar Lane, south of McKennan Park, is set to be done this Saturday, October 14th. The area of 13th and Kiwanis is now about 97% complete, and will likely meet its November 15th deadline. Exactly one month later, on December 15th is when the 30th and Covell project will probably be done...
OTTAWA (CP) - Heavy spending on office buildings in Alberta and Ontario pushed investment in non-residential building construction to another record high between July and September. Investment hit $8.9 billion, up 1.9 per cent from the second quarter, the 14th straight quarterly increase. Investment reached record highs in two of three components - commercial and institutional, where investors pumped $5.1 billion into commercial projects, up four per cent from the second quarter, and investment edged up 0.7 per cent to $2.4 billion in the institutional component. Spending in the industrial component declined 3.5 per cent to $1.4 billion. Provincially, the biggest third-quarter dollar increase by far occurred Alberta, where investment in non-residential building construction rose seven per cent to $1.7 billion, a ninth straight quarterly gain; British Columbia was a distant second, increasing investment 2.6 per cent to $1.3 billion.
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