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PARSIPPANY, NJ-In an activity-challenged office market loaded with millions of feet of sublease space, Reckitt Benckiser's signing provides some good news. Aventis Pharmaceuticals is the sublessor.
SAN DIEGO-Shidler West Investment Partners LP pays all cash for the office facility, which stands at 9900-9910 Old Grove Rd. Encompassing 77,000 sf, the one-story building dates back to 1979.
NEWARK, NJ-The Canadian institution will use the space at 550 Broad St., one of this city's signature office towers, as a disaster recovery site. Heritage Management bought the building in 2000 and has substantially renovated it.
AUSTIN-Paramount Computer heads into the Expo Business Park in the southeast submarket in an exit of buildings in the southwest and the eastern edge of the CBD. The five-year lease boosts occupancy to 97%.
RANCHO CUCAMONGA, CA-The affiliate of Passco Real Estate Enterprises has the land, 14 acres at the corner of Ninth Avenue and Vineyard Street, and a plan for 220,000 sf in 22 buildings. Completion is due in 2005.
SAN DIEGO-The newly formed Downtown Residential Marketing Alliance installs a viewer-controlled, robotic webcam atop San Diego's Clarion Hotel. The webcam is the fourth of its kind for San Diego, which is now being called the most visible city on the Internet.
HOUSTON-The underwater research and development firm jumpstarts an expansion plan with the acquisition. The building, positioned on about three acres, abuts Oceaneering International's existing facility in Houston's bustling northwest corridor.
TACOMA, WA-The state Court of Appeals recently upheld a minicasino owner's right to expand its business on the Tacoma waterfront thanks to a poorly timed challenge from the state Department of Ecology.
FORT WORTH-The Hispanic retail community delivers two tenants for the Fort Worth Town Center, bought a year ago for a repositioning play. A closed club will reopen as an OK Corral while a shuttered theater's lights are flicked by what could be a new chain.