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AUSTIN-The Save Our Springs Alliance files a lawsuit against the City of Austin and Stratus Properties Inc., which spent years seeking clearance for the mixed-use project in southwest Austin. One claim is the deal violated state laws against zoning by contract.
WHITE PLAINS-Endurance Reinsurance Corp. of America has leased 21,625 sf and will be relocating its New York headquarters to the former Kraft General Foods property at 333 Westchester Ave. here.
CHICAGO-The 339,163-sf Interco Corporate Tower in Clayton, MO is sold to Indianapolis-based Duke Realty, LP for $51.2 million while Equity Office Properties Trust gets $20 million for University Tower in South Durham, NC.
WATERFORD TOWNSHIP, MI-Summit Place is drowning with about 40% vacancy, so the township and Los Angeles-based owner Namco eye a 70,000-sf venue with indoor water slides, wave pool and lazy
LONDON-The German open-ended property fund Commerz Grundbesitz-Invest has paid pounds 88 million ($142 million) for Morley Fund Management's recently refurbished 100 Leadenhall Street in the City of London. The purchase price shows an initial yield of around 6.75%.
HOUSTON-The LYNXS Group and CB Richard Ellis cut the ribbon on a 170,000-sf cargo facility that's been under construction for 1 1/2 years. To date, four tenants are signed, with the first ticketed to move in Feb. 1.
ORLANDO-Hancock Information Group is taking 26,570 sf at Maitland 200 at an estimated aggregate rent of $2.79 million. The 10-year-old brokerage handled four leases totaling 37,784 sf in a market with a vacancy level of 14.7%.
ORLANDO-Developer Ginn Real Estate Co. claims it is the top-selling new community in Central Florida with 2002 sales of 211 lots for $24.1 million and 17 townhomes for $4.7 million. Overall, the resort will have a build out value of $2 billion.
AVENTURA, FL-The two-building, seven-story, mid-rise, luxury project, will have 119 units that sell in the $300,000 to $500,000 range. Ground-breaking is planned for late summer, and the $22 million to $28 million project is expected to take a year and a half to build.