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UPPER MARLBORO, MD-The upgrade and expansion project for the Prince George's County Correctional Center sprints toward completion with the start of Phase II of the two-part $7 million endeavor.
FORT LAUDERDALE, FL-The center is located in the future site of the luxury oceanfront condominium community's exclusive cabana club. Vue, which will contain 157 units in two buildings here, is scheduled for first quarter 2005 occupancy.
COLORADO SPRINGS, CO-The property built in 1984 is 92% leased by a mix of national and local tenants even though it is located in South Academy, one of the densest retail corridors here.
CONCORD, CA-Acquired quietly last month from Pacific Coast Capital Partners, the 359,172-sf, 15-story class A office tower built in 1986 was 94% leased at the time of sale.
DENVER-Although the figures statewide show a marginal increase, particular markets, such as Durango, see a 92% occupancy rate. However, classic resort areas such as Vail and Aspen will continue to see sluggish occupancy rates due to the economy.
GRAND PRAIRIE, TX-First Industrial is the buyer and National Life Insurance Co. is the seller of the 51%-leased building at 1905 110th St. in the Great Southwest Industrial District. The closing marks the buyer's third this year in the submarket.
WAUKEGAN, IL-City officials vow to follow through on a master plan for 1,400 acres along Lake Michigan and Downtown, which could add 4,000 multifamily units and one million sf of commercial space over the next 20 years.