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NEW YORK CITY-Officials at parent Lend Lease are still mum as they await marching orders from Australia. But separate sources tell GlobeSt.com that the folks of Holliday Fenoglio Fowler may buy that operating unit themselves.
SAN DIEGO, CA-The vacancy level in San Diego's flex market increased slightly from 14.9% in second quarter 2002 to 15.3% in the third quarter, while availability contracted from 16.9% to 15.4%, according to recent research by Insignia/ESG.
WEST LOS ANGELES, CA-His Los Angeles-based Jamison Properties acquires a 54,341-sf office and medical center for $13.85 million, its first purchase of a Westside office building. The steel frame building was constructed in 1969 and fully renovated in 1998.
ROCKVILLE, MD-Fallsgrove Village Center opens its 150,000-sf shopping center and 75,000-sf office building this week. A Lerner Enterprises-developed project, the village is part of a master plan that encompasses retail, office and residential space.
LONDON-Shopping malls continue to be the most sought-after UK property category, with investment turnover soaring to Pounds 792 million ($1.25 billion) in the third quarter of 2002.
DENVER-The city's Winter Park ski area already has received 42.5 inches of snow two days ahead of the opening of the season. The city and Intrawest Corp., which is negotiating to operate develop the ski area, are expected to see more visitors and potential property buyers.
MIAMI-Recent third-quarter reports show signs of market improvements, such as declining vacancy rates, but in many cases, the picture does not look as pretty as it did last year.
AUSTIN-Developer Larry Peel of Austin has spent the last 13 months working through the channels for the acreage. The closing is to be done by the end of the month, a green light for the construction start on Nalle Woods.
AUSTIN-Active lobbying protects sites earmarked for the Austin Children's Museum and Austin Museum of Art. The General Services Administration is on the prowl around town for enough land to house a 195,000-sf design.
CAMBRIDGE, MA-The city continues to be comprised of two very different markets--a struggling office market and a vibrant biotech market. But according to recently released statistics from Meredith & Grew there are indications that the biotech market is heading for a slowdown.