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LONDON-New data from the Office for National Statistics shows that the third quarter of 2002 saw pounds 3.5 billion ($5.5 billion) of net investment in property by UK insurance companies and pension funds: the highest figure since quarterly records began in 1983.
MIAMI-The publicly traded company has inked a definitive agreement to acquire 100% of James A. Cummings Inc.'s stock for $20 million in cash. James A. Cummings Inc., a privately-held construction company, has approximately $100 million in annual revenue.
NEW YORK CITY-Project manager VVA LLC works on a tight schedule to bring Thelen Reid & Priest LLP's new offices online on time. The firm had to delay its move to 875 Third Ave. due to Sept. 11-related circumstances.
NORTH RICHLAND HILLS, TX-The 150,000-sf Browning Business Park in northeast Tarrant County hangs a "no occupancy" sign as GE Lighting plans a February move into 24,000 sf. The North Civic Central Ballet is just settling into 12,800 sf.
FORT WORTH-Eight office tenants capitalize on today's building rates, inking deals across Dallas-Fort Worth. KPMG is the largest renewal to close, with City Center in Fort Worth holding onto a five-year tenant for another five years.
PLACENTIA, CA-Custom Line Professional Screen Printing leases 73,000 sf in a building along the 57 Freeway. The space, which includes 4,500 sf of office, will become the company's new headquarters.
ORLANDO-Tomoka Holdings LLC paid six cents per sf for two parcels near Ormond Beach, FL and Bunnell, FL. The company plans new subdivisions on the sites, area brokers familiar with the developer's previous projects tell GlobeSt.com.
DANBURY, CT-The owner of the former Union Carbide headquarters complex here has retained Grubb & Ellis as exclusive agent for the sale of the 1.2 million sf property.
PLAINSBORO, NJ-This community's planning board has approved development of Village Center, a neighborhood-style mixed-use development encompassing retail, offices and residential.