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DENVER-Formerly, this 30,000-sf plant generated steam heat for Lowry Air Force Base. Now it is being redeveloped into upper-end lofts with some unique features.
PARSIPPANY, NJ-A new lease agreement adds more than 7,000 sf to the medical management services company's headquarters operations at 20 Waterview Blvd.
SCOTTSDALE, AZ-Bill Hudson, with 19 years in the business, is named vice president of business development. The well-known Scottsdale professional has served as senior VP for the Arizona Economic Council and VP for the Dallas Partnership.
TAMPA, FL-Net absorption for 2002 was a negative 106,716 sf but improved in the fourth quarter to a positive 34,453 sf. Still, property owners face another difficult year as vacancies continue to rise and competition increases, according to a new Grubb & Ellis analysis.
AUSTIN-The Long Center committee has pushed the opening to 2005 for the privately funded arts project with a $110-million price tag. To date, $62.3 million has been raised. Meanwhile, Gov. Rick Perry and Austin Mayor Gus Garcia join the committee.
LONDON-Shepherd Developments and Bell Hammer have secured detailed planning consent for Alchemy, a speculative 40,033-sf headquarters office scheme in Welwyn Garden City, Hertfordshire.
CHANDLER, AZ-Vestar is on its way to developing a 185,000-sf neighborhood shopping center at a crossroads that triggered city restrictions on big box locations after Wal-Mart and residents ended up in court two years ago.
ARLINGTON, TX-The 226-unit Rock Ridge breaks ground today on a newly closed 17 1/2 acres that's been under contract since 2000. Glenbrook Residential is building a neighbor for its first South Arlington project in a changed strategy for a long-term hold.
ROANOKE, VA- Commercial real estate lender Bethesda, MD-headquartered Presidential Bank FSB expands its financing services to potential clients in Roanoke, VA. The bank is targeting smaller property acquisition and refinancing projects seeking financing ranging from $300,000 to $3 million.