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VALLEJO, CA-Following intense community opposition and withdrawal of former partners in a proposal for a 900-megawatt power plant on Mare Island, City Council scraps the project for good.
CARSON, CA-Carson unlocks a 49,000-sf industrial build-to-suit for the Los Angeles Times and three spec buildings in designs of 216,000 sf, 42,000 sf and 39,000 sf, all in the Dominguez Technology Center. The crew's still working on a 248,000-sf project.
LONDON-In one of the City's biggest lettings for over a year, Lehman Bros has sublet just over 100,000 sf at 1 & 2 Broadgate to ICAP, the world's largest inter dealer broker.
FLORHAM PARK, NJ-The 15 separate deals in recent weeks, arranged by Trammell Crow Co. brokers, are headed by a 204,000-sf distribution center renewal by Staples.
WHITE PLAINS-Officials representing New York Life Insurance Co. say the storied insurer will make a decision on whether to relocate approximately 1,000 employees from its Manhattan offices to either a site in Westchester or New Jersey by the end of March.
ORLANDO-The $73 million regional warehouse would be the largest project of its kind in Osceola County and the second largest in Central Florida. The Wilkesboro, NC retailer plans to break ground by March 1 in Poinciana Industrial Park.
LONDON-Standard Life Investments Funds has paid Hermes pounds 18.67 million ($31 million) for a mixed use retail and office investment at St Ann's House, Manchester The purchase price reflects an initial yield of 6.58%.
IRVINE, CA-CalPers will invest the lion's share, with Legacy Partners doing the building and adding $3 million to the pool. The developments, with an affordable housing component, will be in "California urban settings.
HOUSTON-Stephen Sweet exits Gables Residential Trust for a partnership and managing director of development position at Alliance Communities' Central Region. He will focus on Houston and Austin, but admits he's eyeing Dallas.
SAN DIEGO-The law firm of Fitzsimmons & Associates signs a 10-year agreement for 4,517 sf of office space in Downtown San Diego. The company, which plans to move into its new offices in May 2003, will occupy the seventh floor of the 610 W. Ash St. building.