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SAN DIEGO-The owners of One America Plaza take high-tech tenancy to a new horizon by installing a common, agnostic network in the trophy office tower that will allow it to offer gigabit network speeds at a low cost.
SOUTH BRUNSWICK, NJ-The retirement complex, being developed by the Pennsylvania-based Toll Brothers on a 216-acre tract, is a scaled-back version of the developer's original plan.
BALTIMORE-Apartment communities prove to be hot properties in Baltimore as the Courts of Avalon and the Excalibur communities get traded from Berkshire Realty Holdings LP to multifamily REIT Town and Country Trust.
TAMPA, FL-Continued weak demand raises class A office vacancies to 16.93% in Q1, up 2.5% from 14.36% in Q4 of 2002. Colliers Arnold Commercial Real Estate Co. analyst Jeremy Kral predicts vacancies could top 17% by yearend.
MISSION, TX-State and local officials gather today to introduce the newest employer in the Rio Grande Valley, T-Mobile USA Inc. of Bellevue, WA. The firm signed a long-term lease in a county with a 13.3% unemployment rate.
DALLAS-One is from Encino and the other from Pomona, but both sign mid-term leases for their first Dallas locations. Meanwhile in Austin, a Dallas-based wine and spirits distributor sets up its first warehouse in the city.
BOWIE, MD-The 323,000-sf Free State Mall readies for its makeover as owner JBG Rosenfeld Retail embarks on a massive redevelopment of the retail property. The upgrade will involve adding more retail space as well as remodeling the former 42,000-sf Sears space to accommodate additional buildings.
CHICAGO-The Englewood, CO-based real estate operating company has two assets under contract at rich capitalization rates below 5%, pointing to likely condominium conversion. Archstone-Smith Trust's 138-unit Park Lincoln at 2470 N. Clark St. has been marketed by CB Richard Ellis.
ATLANTA-Directors of the locally based apartment development REIT have the unenviable task of explaining to shareholders at the May 22 annual meeting how the company lost $23.5 million or 63 cents per diluted share in the first quarter.
MANCHESTER, CT- The 303-unit Waterford Commons Apartments complex on Tolland Turnpike here has sold for $35.59 million, according to officials with Marcus & Millichap Investment Real Estate Services, which brokered the deal.