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NEW YORK CITY-Another company is making the move to Lower Manhattan. Earth Tech takes 37,999 sf of Fidelty Investments space in a sublease deal at One World Financial Center that runs through June 2012. Financial arrangements were not disclosed.
MINNEAPOLIS-Apogee will now focus on its commercial real estate construction business, for which it is a major supplier of walls and windows. Harmon has about 400 stores around the country.
ATLANTA-Standard & Poor's Ratings Services has lowered its rating to CCC from B on Atlanta Urban Residential Finance Authority's $7 million multifamily housing revenue bonds issued on the Cascade Pines affordable housing project.
CHICAGO-The Association of Industrial Real Estate Brokers is now known as AIRE, and other changes are underway to make the 420-member group more contemporary, as well as better understood.
AGOURA HILLS, CA- Kennedy-Western University takes the space in a $6.5 million deal at Agoura Hills Center, a 67,000-sf office building developed by Katell Properties.
MILTON, MA-Hood Dairy Co.'s storage facility, which was destroyed in a fire nearly four years ago, is in the process of being redeveloped into a 73-unit, $35 million mixed-use project.
PHILADELPHIA-Tower Investments sells 142,200-sf Columbus Crossing shopping center on Columbus Blvd., and the three adjacent River View Plazas I, II and III here, which total 246,800 sf, to the Port Washington, NY-based REIT.
TACOMA, WA-Catapult Development Partners LLC breaks ground today on a 26-unit, $8.5-million residential project in Downtown's Theater District. The six-unit first phase is scheduled to be available for occupancy in the summer of 2004.