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SILVER SPRING, MD-The 150,000-sf Discovery Creative & Technology Center brings in $33 million in a transaction between seller Kennett Street Venture and buyer the Brick Cos. The class A building is fully leased by offices of Discovery Communications Inc.
LONDON-Troubled serviced office centre operator Marylebone Warwick Balfour Group has pulled out of mainland Europe. It has closed its five centres in Holland and Germany and placed its four French centres into administration.
TORRANCE, CA-Robinson will nearly double its manufacturing capacity with the construction of a 215,000-sf facility adjacent to its corporate headquarters.
ATLANTA-Earnings per share are up 16% as the locally based shelter builder ends its third fiscal quarter June 30 showing total revenue of $772 million (up 4%) and all-time record new orders of 4,734 homes (up 12%).
SOMERSET, NJ-Wachovia Corp. snatched up a 108,336-sf data center located here, formerly owned by WorldCom, for $38.3 million at a bankruptcy auction sale.
MEDFORD, MA-Telecom City, a 200-acre technology development project in the cities of Medford, Malden and Everett, gets a $5.5 million loan from Citizens Bank of Massachusetts to finance the final land acquisitions for the first phase of the project.
LAWRENCE, MA-Cambridge College opens a new campus at 60 Island St. The move is a public/private partnership between the city and the college, which signed a five-year lease with two five-year options for the 10,500 sf of space.