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MIAMI-River House Lofts calls for 806 residential lofts, 205,000 sf in loft-style office space, 64,000 sf in restaurant space and 112,000 sf in open-air facilities. Tower one is set to begin in March.
LONDON-US-based venture capitalist Indigo Capital has continued buying stock in troubled serviced office provider Regus. And it conceded in a statement that it might be interested in a takeover.
CARLSBAD, CA-Franz LLC acquires the 31,644-sf building, which was completed this past December. The three-story facility is leased to O'Day Consultants Inc., a related entity of Franz LLC.
SAN DIEGO, CA-Citymark Development LLC pays $2.8 million for the four parcels, which are located at 3812-3830 Park Blvd. The developer plans to build an 80-unit condominium project on the property, which encompasses a total of 34,735 sf.
WALTHAM, MA-Availant, Inc., a software development company, relocates its headquarters from Cambridge, MA to 200 Fifth Ave. in the Prospect Hill Office Park. The deal is good news in a market that continues to struggle with high vacancy rates.
AUSTIN-The Westlake Medical Center, now totaling 65,000 sf, is adding a four-building complex with a 39,000-sf hospital. Project pre-leasing has occupancy at 87%, says developer Miller Consulting.
BOSTON-The Massachusetts Port Authority wants a private developer to build a 1.5 million-sf mixed-use development on 12 acres on South Boston's waterfront. As part of the project, the agency wants to see a hotel that will connect to the adjacent Boston Convention & Exhibition Center.
AURORA, IL-Newport Beach, CA-based Koll Bren Schreiber Advisors sought $12.75 million for the 107,225-sf office building on the fringe of the Fox Valley Shopping Center. Hallmark Services, Inc., a division of Blue Cross-Blue Shield of Illinois, anchors the building that is 99% occupied at the time of sale.
STAMFORD, CT-The year-end 2002 office vacancy rates in Fairfield County continue to show a market trying to cope with a glut of available sublease space, while Westchester County exhibits signs of strengthening, according to officials with Cushman & Wakefield.