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WORCESTER, MA-The growth of the Massachusetts College of Pharmacy and Health Sciences continues with its plans to renovate the 60,000-sf building it acquired two years ago at 25 Foster St. as well as its acquisition of a 32,000-sf building at 1260 Elm St. in Manchester, NH.
EAST RUTHERFORD, NJ-The selection process continues, but a suit to block the deal for a new, replacement arena in downtown Newark is casting a shadow over the whole matter.
CHICAGO-Aldermen decide to take a closer look at a proposed affordable housing ordinance, which advocates say does little beyond what department of housing policy already demands of developers receiving city financial help.
CANNES-One of Spain's top fashion chains announces it is to open at Brent Cross in North London. In a deal announced at MAPIC, Inditex subsidiary Massimo Dutti is taking advantage of landlord Hammerson's 'Onestep' marketing promotion.
AUSTIN-NetStreams signs for 9,400 sf for the balance of Infogrames' lease. The tenant gets the keys in February 2003 after finish-out is done at the Parmer & MoPac Office Center. Colliers and Staubach broker the deal.
SAN DIEGO, CA-Construction gets underway on Champion Development Group's 280,000-sf luxury project, which is slated for completion in fall 2004. The project is rising on Fifth Ave. in the historic Gaslamp District.
DENVER-The $40-million, 196-room J.W. Marriott is expected to command average room rates of about $170 per night when it opens in the spring of 2004 on the Sears Roebuck & Co. site.
HOUSTON-The 356-unit Calais at Courtlandt gets a construction loan and a lead equity partner. The financing arrangement, nine months in the making, has been signed between Greystar of Charleston, SC and Phoenix Capital Partners of Seattle.
FORT LAUDERDALE-The lease is for 51,499 sf of office space at the 412,296-sf, 12-story AtlanTech Tower here. The value is based on an average quoted rate of $26.26 per sf for similar space in that submarket.