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KINGSTON, ONTARIO-Assurant Group, a risk management program provider serving the financial services industry, will open its new facility next June on a 14.5-acre site. CB Richard Ellis' Phoenix office negotiated on behalf of the tenant, while the owner was self-represented.
LOS ANGELES, CA-A U.S. District Court judge rules that stadium-style theaters violate the Americans With Disabilities Act. If upheld, the decision could require expensive retrofitting of theaters.
DENTON, TX-Hastings Entertainment is boosting its size to 21,036 sf in Colorado Square in Denton. Two other deals open doors on a new steakhouse concept and a special needs day care in Plano and Carrollton, respectively.
BOSTON-63,080 acres of land in 11 towns in Greater Boston are going to be designated as Areas of Critical Environmental Concern, according to the state's secretary of environmental affairs, Robert Durand. The designation means developers of these parcels will be subject to higher environmental standards.
CHICAGO-A joint venture between the Wells Real Estate Investment Trust and Wells Limited Partnership Fund XIII pays $124 per sf for a four-story building in the Crosspoint Business Park in northeast Indianapolis.
MIAMI-The $55 million, 259-unit condo project is planned for development on a 2.1-acre site at the northern boundary of CityPlace in West Palm Beach, FL. Floor plans range from 738 sf to 1,523 sf, and pre-construction prices start around $200,000.
ANAHEIM, CA-The small apartment building with big potential for rent increases draws multiple offers. It is under contract in less than two weeks and sells after a 60-day escrow.
PORTLAND-The 86,000-sf flex project by Pacific Santa Fe Corp. got underway in August. Shell completion is slated for mid-spring 2003. Cushman & Wakefield had the pre-construction leasing assignment. No tenants have been signed.
SAN DIEGO, CA-The discount merchandise store moved into its new 9,800-sf space earlier this month. The San Diego retail market is expected to wind down 2002 with an average vacancy rate of less than 5%.
LONDON-New research from Jones Lang LaSalle highlights the oversupply of offices in central London. The firm calculates that more than two-thirds of grade A and B space currently on the market is being marketed by occupiers.