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AURORA. CO-Plans for a new 1.2-million-sf hospital specializing in children's care have been made public. The facility, which will cost up to $300 million, is part of the Fitzsimons campus redevelopment, and will be completed in about four years.
BELLEVUE, WA-After starting the year with a vacancy of 17.6%, 395,000 sf of positive net absorption has pushed overall vacancy in the 26.6 million-sf Eastside office market to 15.9% of the end of the third quarter, according to the latest report from Colliers International.
HOUSTON-Trimark Realty Investments takes over the 328-unit Hartford Park complex by placing a bid before the due date to clear competitors from the field. The new owner will put $2,500 per unit into the 93%-leased complex.
NEW YORK CITY-Industry veteran Steven W. Ford will serve as vice chairman of BOMA International. He will be the second highest-ranking executive within the federation.
CLEVELAND -With some big holes to fill in its five-building, 2.5 million-sf Cleveland CBD office portfolio, the locally based owner, developer and manager of real estate nationwide asks for outside assistance.
ATLANTA-Richard Bowers & Co. wants to keep the big utility firm at its 22-story, 325,000-sf building at 270 Peachtree St. for another 15 or 20 years. But Barry Real Estate Cos. is trying to interest the blue ribbon-tenant into taking about 170,000 sf of office space at its planned 10-story Centennial Hill building overlooking Centennial Olympic Park.
PRINCETON, NJ -The move by the Pennsylvania-based retail real estate firm is a response to its growing volume of business in the Garden State. Jon Kushner will head the local office.
LONDON-In the largest letting this year in Mayfair or St James's Britannic Asset Management has let the two largest remaining floors of its 6 Chesterfield Gardens, Mayfair, London W1 to ChevronTexaco.
DALLAS-The Southwest Airlines Pilots Association convinces Beta West to sell one of two assets in Dallas, offering $38 per sf for a 38,621-sf office building in the Stemmons Corridor. The buyer gets room to grow, two tenants and space to lease.