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PORTLAND-The directory assistance provider signs up for another 60 months in Equity Office Properties' Nimbus Corporate Center, a 690,000-sf flex development where about 190,000 sf is being marketed for lease.
ATLANTA-The National Association of Home Builders cites Mashella Hampton for overall excellence in marketing the 16-month-old, 296-unit Highlands on Ponce. Her strategies included holding wine-tasting and shopping spree events for residents.
WOODLAWN, MD-A former Sam's Club Warehouse undergoes a massive $8.5 million transformation into a 140,000-sf class A office building. The Social Security Administration will occupy the structure while its local office building undergoes its own renovation.
NEW YORK CITY-Paramount Group is breaking from its typical long-term-hold strategy to flip the 592,000-sf asset. The assignment was just made to Lazard Freres, and the asset should hit the market in three weeks. Paramount bought the building in 1999 for $163 million.
DENVER-The local apartment market needs to absorb a large number of units that have come on line recently. However, between the war and the slow economy, landlords will have to wait until at least early 2004 before positive absorption takes place.
PASADENA, TX-A new administration, scuttling a plan to convert the facility into a city hall, gets more than $1 million from a Houston buyer who's considering a redevelopment into a seniors housing project and a small retail center.
WHITE PLAINS, NY-Treeline Cos., which has reported it had closed on four lease deals totaling approximately 40,000 sf in Westchester County, is looking to expand its portfolio in the New York metro area.
TEMPE, AZ-The five-year lease, valued at $2.2 million, delivers the industrial space to bring three Valley locations under one roof. Stinger Mac Accessories is moving into space vacated by Micro Age at 421 W. Alameda Rd
DENVER-The Denver area office vacancy rate rises in first quarter 2003, but it's too early and too little to call it an up market. The rate was just 0.2 points higher than the 16.9% recorded at the end of 2002.
WASHINGTON, DC-The 2.3-million-sf Washington Convention Center opens its door after years of planning and development. Located on 17-acres of land in the city, the $833-million project is expected to bring in about $1.4 billion annually once it is fully operational.