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SEATTLE-The Port of Seattle creates a new Economic Development Division to focus efforts on achieving top financial returns from Port properties as well as managing its business in tough fiscal times.
WEST NEW YORK, NJ-Part of this city's master planned waterfront redevelopment district, the three-building Roseland/Prudential luxury apartment complex contains a total of 515 units.
NEW YORK CITY- William A. Ackman, chairman of the board of trustees of First Union Real Estate Equity and Mortgage Investments, has resigned his post, saying he wants to "eliminate any question of conflicts of interest" regarding the proposed merger between First Union and Gotham Golf Corp.
BOSTON-The Boston Redevelopment Authority wants to allow new projects in the financial district that include up to a 50% residential component to be allowed to bypass the maximum allowable height by up to 225 feet.
BETHESDA, MD-Backed by a full day of grand opening festivities, Landover, MD-based supermarket chain Giant Food Inc. debuts a new 61,600-sf store at 7142 Arlington Rd. This full-service grocery store replaces the Giant that was located directly across the street for the last 37 years.
RICHARDSON, TX-Air Management relocates from the far corner of Plano into 12,050 sf of hard-to-find warehouse space in the Telecom Corridor. Across the metroplex, tenants ready for moves into Great Southwest Industrial Park properties.
HAMPTON, VA-Development of the 35,221-sf spec office building within the Hampton Roads Center business park reaches completion and readies for leasing as Advantis Real Estate Services Co. becomes the property's exclusive leasing agent. The structure is specially designed for use by high-technology data centers.
TOMS RIVER, NJ-The borrower, a local ownership group, got the loan with a 10-year term and a 25-year amortization through Freddie Mac's Early Rate Lock Program.
AUSTIN-The Greater Austin Chamber says it's a "delay" not an outright rejection of Austin, which has four other bioscience deals at various talking stages. If and when Project Atlantis is revived, it would be the city's biggest industrial catch in years.
LONDON-Bloomfield Shopping Centre and Retail Park in Bangor has been sold for pounds 61 million ($96.2 million) the largest single asset deal in Northern Ireland this year.