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WALTHAM, MA-Broadview International signs a six-year lease for 11,941 sf of office space at 1050 Winter St. in the Bay Colony Corporate Center. The mergers and acquisitions advisor will use the space as its headquarters location.
ATLANTA-Newland Communities of La Jolla, CA is developing 16 acres of commercial, 200 townhomes and apartments, and 1,600 single-family residences on an 894-acre tract in Hall County that could have a build-out value in 10 years of about $600 million, according to area brokers.
THOUSAND OAKS, CA-The developer will build the 70,000-sf Regency Medical Plaza with units for lease or for sale, one of the first such developments in many years planned for Ventura County.
FARMINGTON HILLS, MI-The Center for Humanistic Studies Graduate School has relocated from Detroit to suburban Farmington Hills. The new $3 million facility was an expansion move for the college, which was formerly located in Detroit's Cultural Center.
SANTA CLARA, CA-In order to get out from under a $215-million lease obligation related to the Mission Towers Two building located at Freedom Circle in Santa Clara, PMC-Sierra purchases the facility from its owner and resells it to a third party. The transaction cost the struggling company $102 million.
ATLANTA-Locally-based Jeffco Investment Properties plans 73 acres of commercial space, 92 apartments and 437 single-family homes on 290 acres located on a 555-acre tract 60 miles northeast of Downtown Atlanta, according to papers filed with planning officials in Jefferson City, GA.
LONDON-Take-up in the central London office market was only 2.3m sf in the first half of 2003 according to the latest research from FPDSavills. This is 50% below the long-term trend, and more than a quarter lower than in 1992 which was the worst year of the last cycle
CARLSBAD, CA-Slated for completion in October 2004, the development will consist of a garden-style, 451-unit apartment community at build-out. The project is rising at Faraday Avenue and Canyon Road, just miles north of Legoland and northeast of Agua Hedionda Lagoon.
HOUSTON-Signa Engineering moves into an extra 5,000 sf for a total 12,139 sf at Northpoint Central. Another North Houston tenant, Castex Energy, re-ups for the same amount, 9,654 sf, at 333 N. Sam Houston Parkway East.
SAN ANTONIO-Binswanger/CBB's Dallas team beats out six others vying for the 50-acre campus in San Antonio. A 90-day "lock, stock and barrel" marketing starts the campaign. One option is to sever the real estate with a price tag of $40 million.