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HOUSTON-Judwin Properties signs for 2,200 sf in a relocation from within the southwest submarket while an attorney secures a 1,731-sf office at 202 Travis St. The class B buildings have occupancies in the mid-80% range.
HOUSTON-The Verandah Cos. has assembled 13 acres to build a garden-style complex along Crockett Street. But first, some buildings must be razed so the site can be prepped for a mid-2003 ground-breaking.
RIO RANCHO, NM-Intel Corp. has delivered a one-million-sf plus expansion that adds a fabrication facility to Rio Rancho manufacturing capabilities. The new component is designed with 200,000 sf of clean room space.
NEW YORK CITY-The crustacean chain will open a three-level restaurant in a 14,513-sf space at 5 Times Square, the Ernst & Young Building. A major build-out is planned, including a newly constructed mezzanine level.
RICHMOND, CA-The Scotts Valley Band of Pomo Indians plans to develop a Las Vegas-style casino and hotel development on Terminal Three. According to the proposal, a casino would improve the city's economy.
ORLANDO-The first $10 million, 90,000-sf commercial phase at the three-year-old, 1,860-acre community in east Orlando is part of a planned 2.5-million-sf undertaking that will comprise rental apartments, office, retail and a supermarket.
WEYMOUTH, MA-Developers of the Riverway Plaza, a 250,000-sf strip center located on Route 3A, nails down its first mortgage financing in the amount of $14.67 million. The project is a redevelopment of the former Harborlight Mall.
DALLAS-A well-heeled German family gets a 40,250-sf office building, a 12-year tenant and an option to buy more in a high-growth area. Centex, in turn, gets an immediate exit strategy for future product on its land mass along Texas 121.
MIAMI-The Boca Raton, FL-based public company, which specializes in multifamily residences, reported total revenue of $60.71 million and net income of $7.93 million for the recently ended quarter.
PHILADELPHIA-The 21.4% third-quarter vacancy rate for office space in suburban Columbus, OH is 1.9 points higher than in third quarter 2001, pushing asking rates down $0.19 per sf and fostering incentives that cut effective rates by between 10% and 20%.