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MIAMI-Jeff Ross, previously with CB Richard Ellis Inc., joined Trammell Crow, Mark Bailey relocated from the company's Tampa office, and Regina Perez and Penny Sparks were promoted.
WALNUT CREEK, CA-The first phase of the Olympic Plaza project and The Corners retail development in downtown Walnut Creek are both on schedule for opening dates this spring.
LONDON-Business parks specialist Arlington has completed a 200,000-sf pre-letting to National Air Traffic Services on its Solent Business park near Southampton in Hampshire.
BOSTON-The Wampanoags hire a real estate developer to conduct a "more thorough" search in Southeastern Massachusetts for a site on which to build a casino. The effort is being made while the state is still considering whether to expand its definition of legalized gambling.
AUSTIN-Software company Zilliant benefits from the market conditions, renewing at a lower rate than its original contract inked several years ago. The brokers won't go into detail, but everyone knows tenant retention is an important market engine.
ATLANTA-The locally based REIT posts fourth-quarter net earnings of $10.8 million, up 92.7% from $5.6 million in the comparable 2001 period. Fully diluted funds from operations increased 20.4% to $12.39 million versus $10.29 million a year ago.
SOUTHFIELD, MI-Bankrupt Federal Mogul wants to move to smaller quarters in Travelers Tower. The move could save the firm between $20 million to $25 million.
JACKSONVILLE, FL-The three-year first mortgage at 7.08% interest replaces the original first mortgage loan for the property, which Atlanta-based Noble Investment Group developed in 1999 in Deerwood Park for $9.4 million.
SAN FRANCISCO-A local talent agency has acquired 847 Sansome, a four-story brick building with a developed lower level. The firm plans to use the downtown San Francisco structure as its headquarters.