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CHICAGO-The eighth-largest U.S. financial services holding company will have about 20% of the space in famed Chicago architect Daniel Burnham's building at 209 S. LaSalle St., consolidating office operations now at three other sites.
CAMARILLO, CA-Construction begins with buyers committed to half of the 65,000 sf of office space at the five-building Camarillo Springs Corporate Center. Designed for smaller business, the 12 units will range from 4,500 sf to 7,000 sf.
WASHINGTON, DC-Law firm Powell Goldstein Frazer & Murphy LLP seals the deal on its new digs by signing off on the preleasing of 85,000 sf at 901 New York Ave., a new class A office tower that is proving to be quite popular among the Washington, DC legal set.
LONDON-New research from Jones Lang LaSalle Hotels highlights a significant increase in the number of new hotels under development in Europe. And many new properties are located in markets that are already seeing falling occupancy levels.
COSTA MESA, CA-Net Development Co. of Costa Mesa plans to develop the Baker/Airway Business Park along Airway Avenue, selecting Grubb & Ellis to market buildings ranging from 4,500 sf to 9,000 sf.
PORTLAND-The third party logistics provider two years ago assumed a lease for 243,000 sf in the 500,000-sf building. The lease was held by A&M Warehouse, which master leased the entire building prior to filing for bankruptcy.
DENVER-Just on the cusp of ground being broken on the new 1,100-room Hyatt Denver Convention Center Hotel, two major convention groups representing $33 million in business signed letters of intent to hold future conventions in the City.
ORLANDO-In one of the highest per-sf restaurant-retail prices this year in Central Florida, locally-based Darden Restaurants Inc. pays $1.8 million, or about $12,000 per seat, for the 150-seat, 8,636-sf Taza Restaurant in south Orlando.
TORRANCE, CA-The Arlington, VA-based REIT closes one of the biggest retail deals in the West in the takeover of the 2.5-million-sf mall from developer, Guilford Glazer of LA. With the deal done, the REIT's talking about a $160-million redevelopment.
TINLEY PARK, IL-The insurance broker now headquartered in neighboring Orland Park will take 40,000 sf in TCB Development's $12-million project in Orland Park Way being overseen by RDS Construction.