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ADDISON, TX-The largest lease is signed by a Dallas-Fort Worth newcomer, Dixie Carpet of Houston. The flooring contractor for the multifamily industry will open doors in the spring. Also, a garment manufacturer re-ups its space in Dallas.
HOUSTON-The firm exits Greenway Plaza for an address at 2200 W. Loop South in the Galleria. Better visibility and proximity to clients drive the signing for a medium-term lease for a 3,588-sf, class A office.
SCOTTSDALE, AZ-Accountant Brent Stewart exits an 18-year address for a five-year lease with a $173,000 bottom line on 1,695 sf. CMD Realty is pushing the envelope to cut deals to fill a building with a 36% vacancy.
TRENTON, NJ-Part of the McGreevey administration's effort to control the state's growth patterns, the proposals would set aside another $100 million for land preservation and give farmers some tax breaks.
CHICAGO-The Board of Trustees of the Art Institute recently re-affirmed plans to build a new 220,000-sf wing, designed by renowned architect Renzo Piano. The approved project, which will cost $198 million, is smaller than originally envisioned.
SHERMAN, TX-NewQuest Properties of Houston has the ground crew moving on a 100-acre tract to mark its inroad into North Texas. The 700,000-sf town center, situated 65 miles northeast of Dallas, is about 65% pre-leased.
NASHVILLE-The complex will feature 175 residential units starting at $500,000 each, a 225-slip marina, commercial space and a laundry list of luxury amenities, all located along the banks of the Cumberland River.