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NEW YORK CITY-Questions are swirling around the announced merger of banking conglomerates Bank of America and FleetBoston. Valued at an estimated $47 billion, the action will create the second largest banking concern in the world.
TREDYFFRIN TWP., PA-With the award of the 115,000-sf, three-story building at 1200 Morris Dr., CBRE's Wayne, PA-team is now the leasing agent for 1.5 million sf of office space in the 865-acre, master-planned community.
VALENCIA, CA-The eight-year deal by Qiagen, a DNA specialist, brings occupancy to 50% at Parker Properties Summit At Valencia project, the former Valencia Corporate Point.
BLOOMINGTON, MN-Although negotiations have begun, many questions and obstacles remain to building a casino as part of the Mall of America's expansion plans.
TRENTON, NJ-The controversial BIG Map is history, at least in its most recent form, as the McGreevey administration looks for new ways to control sprawl. The new process will be unveiled early next year.
SAN DIEGO-The city's multifamily sector has experienced a considerable rise in occupancy levels during the third quarter of 2003, according to new data on the region.
GAINESVILLE, FL-The Germantown, TN-based REIT pays locally based McKibbon Hotel Group Inc. $34.2 million, or an average $96,610 per unit, for a total 354 suites in Gainesville, Tallahassee and Tampa.
THE WOODLANDS, TX-The Park at Research Forest, built two years ago, sells to JPMorgan Fleming Asset Management. The commingled fund buyer, with cash on the table, gets an 84%-leased development with ample upside.
LONDON-Manchester City Council has granted the Beetham Organisation planning consent for a 47-storey glass tower on Deansgate in Manchester city centre. It will be the tallest residential building in the UK.