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NEW YORK CITY-While the firm awaits better conditions stateside, it plans to complement some $700 million in overseas activity already nailed down, explain Apollo executives. The new package will target opportunities in Western and Central Europe as well as Japan.
SAN DIEGO-KMA Architecture & Engineering wraps up renovations and additions to the La Jolla Presbyterian Church. The project entailed the construction of two new facilities encompassing a total of 37,000 sf, additional parking and a courtyard.
CONROE, TX-The popular discount retailer unlocks a 9,154-sf inline location in Montgomery Plaza, a 315,340-sf suburban center off Interstate 45. A roster of national names carried the weight to win the five-year lease.
ARLINGTON, VA-According to a recent poll by Corfac, half of the surveyed companies believe the economy will produce a positive change in the industry in 2003. However, 80% of those respondents also predict this recovery will not occur until the end of the year.
PLYMOUTH, MA-The Cordage, located on Court St. in North Plymouth, has been put up for sale by Cordage Development LLC. The site currently has 903,626 sf in eight existing buildings and is zoned for light industrial, commercial, residential and marine-related uses.
CRANBURY, NJ-Located in the Exit 8A submarket, the Keystone Property Trust asset sits on a 75-acre site and is expandable to one million sf. The marketing campaign is being handled in-house.
MIAMI-Businesses have downsized or closed offices in a market hit by 60,188 sf of negative absorption, according to C&W's first quarter office report for Palm Beach County. And while some submarkets experienced steady leasing activity, others saw vacancies soar.
CHICAGO-Owners of the 76-year-old building will recoup about half of the $1.4-million cost of exterior renovation in property tax savings over the next 12 years. The partnership paid $10.6 million for the 158,000-sf building in August 2001.
IRVING, TX-A $150-million loan commitment will close this month to erase a credit line fueled by 10 lenders. Just days ago, a $16-million refinancing closed. With the capital realignment, FelCor has no significant maturities until October 2004.