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HOUSTON-The firm of Kroger Myers Frisby & Hirsch renews 7,272 sf and adds 1,395 sf to the final contract at 3100 Weslayan, a 78,829-sf office building in the Greenway Plaza submarket. The building is 97% occupied.
WASHINGTON, DC-Real estate insiders are hoping that the president's economic plan will increase economic growth, thus giving the commercial real estate industry a much-needed shot in the arm.
ATLANTA-Locally based Haddow & Co. tells the Houston developer the luxury condominium market won't support a planned 40-story, 300-unit tower and a second 150-unit high-rise in Midtown. The Atlanta Symphony Orchestra had planned to co-develop the site.
ORLANDO-New York Mets owner Fred Wilpon's Sterling American Property IV LP and Continental Real Estate Cos. joint venture to buy the 19-year-old, 16-story Downtown office building from Hanover Reinsurance Co. of Hanover, Germany.
SOUTHFIELD, MI-Ramco-Gershenson Properties Trust acquires 75% equity interest in 342,000-sf East Town Plaza near an I-90 interchange in Madison, WI. The REIT's purchase was made with preferred stock offering money.
HOBOKEN, NJ-The redevelopment of the site of the vacant Maxwell House plant, being done by a pair of local developers, will combine luxury condos with rental apartments.
ANN ARBOR, MI-This city's planning commission is considering a planned unit development and site plan approval for a 500,000-sf development that would include office, multifamily and
SAN DIEGO, CA-Geotechnics Inc. takes 15,944 sf at the San Diego office park, while Photo Imaging Center LLC renews 9,730 sf here. The transactions have a combined value of $2.9 million.
DENVER-The good report card comes from a Beacon Hill Institute study despite a recent up-tick in office vacancy rates, declining retail activity and a continued slump in the hotel sector.