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ATLANTA-The California-based global architectural firm will blueprint the master plan for Coke's 20-acre Downtown site, planned to also feature a $200 million, 250,000-sf Georgia Aquarium.
DETROIT-Time will tell when area office space demand will return to normal, says Paragon Corporate Realty Services. Meanwhile, property owners keep offering low lease rates and incentives.
SAN DIEGO, CA-Carmel Valley Housing Associates LP wraps up its 112-unit Torrey Del Mar project three months ahead of schedule. The project was built by Wermers Multi-Family Corp.
DEERFIELD, IL-Clinical diagnostic company Dade Behring emerges from bankruptcy with a new 10-year lease at a savings of $3 per sf--and on 107,000 sf rather than the 137,000 sf it had been obligated to occupy at 1717 Deerfield Rd.
BURBANK, CA-Year-to-date private commercial construction in California is off 19.5% from 2001, according to the Construction Industry Research Board. Nearly half of the $2.5 billion decline is from a drop off in new office construction.
HOUSTON-Aztec Party & Tent Rentals will set up shop in an 89,494-sf warehouse the firm's owners recently purchased from Winston Properties. The seller, who manufactured casual furniture in the building, has picked up stakes and consolidated its business in Florida.
AUSTIN-It's too early to talk about details, but Austin's chamber is courting a major drug company to find a site to house a 100,000-sf manufacturing plant. As much as $6.7 million in incentives were presented to the prospect.
STAMFORD, CT-Mack-Cali Realty Corp. reports it has acquired the 179,260-sf Soundview Plaza office building here for approximately $33 million from an affiliate of an investment group led by Peter and Anthony Malkin of New York City.
BAYONNE, NJ-The winner will get the massive job of planning and implementing the transportation infrastructure for the redevelopment of the former US Army logistics base.
CHULA VISTA, CA-Rising on Otay Lakes Road just west of Eastlake Parkway, the EastLake Village Marketplace project is slated to encompass approximately 410,000 sf upon completion. The development has signed leases or has leases out for signature for 97% of its space.