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PARSIPPANY, NJ-The deal, coupled with an earlier three-building sale arranged by Cushman & Wakefield, points to a trend toward foreign interest in New Jersey properties despite the flat leasing market. The two transactions add up to an estimated $150 million for 785,000 sf.
ROMULUS, MI-E. Llwyd Ecclestone's Metro World Centre project would include research and tech parks, offices, multifamily, retail, hotel and entertainment. A public hearing set for January on the latest plan for a 568-acre site.
SAN FRANCISCO-Communications giant SBC Communications Inc. says it will officially change the name of San Francisco's Pac Bell Park to SBC Park as part of a move towards nation-wide branding.
WASHINGTON, DC-There's a new hotel in town--well sort of--now that the former Monarch Hotel is under the management of Fairmont Hotels & Resorts and renamed The Fairmont Washington, DC. The renaming and change of management finalizes the hotel's recent change in ownership.
PORTLAND-Most of the proposed improvements are located in the Columbia Intermodal Corridor-- home to about 96% of Oregon's and southwest Washington's key freight industries. The goal is to maintain efficient access to its seaport, airport and industrial park properties and supporting facilities.
LOS ANGELES, CA-The $4 million renovation project at the former Wyndham property is nearing completion. The hotel is in a building that dates back to the 1920s and is designated as a historic site.
LONDON-The average rate of rental growth on commercial property is continuing to slow, according to new research from GVA Grimley. In the year to October 2002,annual growth stood at 0.3% against 3.2% pa a year previously.
TITUSVILLE, FL-Parrish Medical Center's Home Health Care division is taking the space for three years, with a renewal option, for an estimated aggregate rent of $425,000 in the only class A office structure near Kennedy Space Center.
HOUSTON-A southeastern charitable foundation wins the face-off from a field of 10 bidders for the 32-year-old complex situated within two miles of Houston's Galleria. The 93%-occupied complex will be converted into affordable housing.
SANTA FE SPRINGS, CA-The Los Angeles County Department of Children's Services signs a new 10-year lease for 65,568 sf at Kearny's Heritage Corporate Center.