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LONDON-A 95% successful auction by Jones Lang LaSalle points to a new round of private investor confidence. Buyers parted with cash at the rate of pounds 300,000 ($480,000) a minute.
SAN DIEGO-The Fourth District Court of Appeals hands down a verdict in favor of the city regarding a lawsuit challenging the San Diego City Council's decision to issue bonds for the Ballpark Redevelopment Project.
LOS ANGELES-The company, which is buying Insignia/ESG for $415 million, earns more than $15.7 million in Q4 2002 and more than $18.7 million for the year. A year-to-year comparison showed a gain although that's not true for the quarterly one-on-one.
AUSTIN-NorthStar Resources is ramping up a relocation from within the southwest submarket in a move that doubles its office space to 5,100 sf. Colliers International brokers crafted the pact for tenant and building owner.
ASPEN-The White River Lodge, the final phase of the Ritz-Carlton Club, Aspen Highlands project, has opened boasting picture-postcard views of the mountains and ski-in, ski-out access to the slopes among other luxury amenities.
RANCHO CUCAMONGA, CA-Kisco Development LLC will build the luxury units on a 9.6-acre site purchased from General Dynamics for $4.2 million. Construction starts in May on the complex, priced upward of $1,000 per month.
NEW YORK CITY-In separate deals, 32 Avenue of the Americas grabbed two new leases for telecommunications tenants--T-Systems and T-Mobile, both divisions of Deutche Telecom.
CHICAGO-In addition to getting support from 42nd Ward Ald. Burton Natarus, three other aldermen have approached AIDSCare Inc. president James Flosi about a similar project in their wards. Ground was broken Feb. 14 on the $14-million campus in Lawndale.
BOSTON-In a scenario rarely seen these days, Massachusetts General Hospital will lease 350,000 sf in the Charles River Plaza building that is about to be constructed by the Davis Cos. The building is part of a three-building, $300-million project.