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HOUSTON-Insituform Technologies of Chesterfield, MO, takes a 10,800-sf warehouse from its former user and current owner. The inbound tenant signs a mid-term lease for the holding. A West Side deal lands a 2,420-sf tenant for a Park Row property.
CHICAGO-Corus Bank is "encouraged by the steady absorption of sales at the project," a 224-unit condominium development at Adams and Des Plaines streets in the West Loop, where nearly 1,000 units remain unsold.
BERKELEY, CA-The 285,000-sf building at the University of California at Berkeley will house the Bioengineering, Biotechnology and Quantitative Biomedical Research Institute, better known to those on campus as QB3. The groundbreaking is scheduled for Friday, May 30.
NEW YORK CITY-Deadlines are fast approaching for the Lower Manhattan Development Corp.'s Residential Grant Program as well as the World Trade Center Memorial Competition.
PORTLAND-The 6,477-sf commitment, which more than doubles the amount of leased space in the new 222,777-sf office building, could be the first of a series of leases to be signed. Ownership has lowered asking rates more than 14% since the fall of 2001, when the building was still six months from completion.
MIAMI-T-B Investments LLC of Miami sold the 33,023-sf office/warehouse building here for about $3 million, or $90.84 per sf. TractoAmerica plans to lease the building back from the new owner.
NEW YORK CITY-Bank of America and developer Douglas Durst, might shortly be inking a deal to build a $1 billion structure in midtown Manhattan, according to published reports.
ATLANTA-The Arkansas-based retailer anticipates breaking ground on the $40 million structure in October with an opening slated for summer 2004. Another Dillard's will open by fall 2004 at the $2 billion Atlanta Station venture under construction here. This brings Dillard's Atlanta portfolio to 1.2 million sf.
CHICAGO-The pool of potential anchor tenants is drying up quickly, brokers on a Chicago Real Estate Organization panel suggest. Still, buildings that lost tenants to anchor newer projects are left with challenges.
ORLANDO-At 59, David H. Hughes is turning over the chief executive officer's suite at locally based Hughes Supply Inc. to Tom Morgan, 49, who has been president and chief operating officer of the national construction materials company since 2001.