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AUSTIN-Liveable City is urging Austin to re-think $2.1 million in tax breaks for an office-retail development at Sixth Street and Lamar Boulevard. Whole Foods, an Austin native, is OK, but Borders presents a problem, says the group.
LA JOLLA, CA-Advanced Tissue Sciences Inc./Dermagraft Joint Venture, which is now owned by Smith & Nephew, has renewed its 85,000-sf headquarters lease in La Jolla for another 10 years. The transaction is valued at $20 million.
BLOOMFIELD HILLS, MI-A $925-million bid "is inadequate, opportunistic and does not reflect the underlying value of the company's assets or its growth prospects," the upscale retail REIT claims.
NEW YORK CITY-Just shy of a year from its intended debut, the much-anticipated AOL Time Warner Center inks three leases for high-profile retail outlets--a Rande Gerber lounge, a Stuart Weitzman boutique, and a Tourneau retail store.
ATLANTA-The world's largest beverage company has signed a deal with the Indianapolis, IN-based shopping center developer that will put its products into six Simon Property Group Inc.-owned retail centers in metro Atlanta. The alliance begins in January.
DETROIT-The new 40,000-sf facility at the Wayne State University Technology Park will include a lab and incubator space for energy research and manufacturing. The city hopes to become the US fuel cell research capital.
HOUSTON-Iron Mountain Information Management Systems has finalized terms for a 53,232-sf building along Distribution Boulevard in the city's northwest sector. On the east side of town, Dixie Box & Crating takes 24,000 sf.
SADDLE BROOK, NJ-Transwestern Investment, owner of the two-building, 488,000-sf office complex, has signed California-based RealEnergy to install and operate the system.
PLANO, TX-The two projects, with a combined cost of $5 million, will break ground within two months. The Henry S. Miller Commercial-led venture will deliver mid-level retail to high-traffic intersections in its single-family Crystal Creek Village in Plano.
LONDON-Morley Fund Management and Gazeley Properties, the property arm of Wal-Mart, are to develop a 200,000-sf speculative distribution scheme on a major 9.4-acre industrial/distribution site in Welwyn Garden City, Hertfordshire. <P>