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SAN DIEGO, CA-Grading has begun on the 42.6-acre, five-building project for IDEC Pharmaceuticals Corp. Upon completion, the campus will house IDEC's headquarters and its research and development operations.
HOUSTON-The Plaza Group, a petrochemical marketing firm, has taken 3,549 sf for its headquarters at the Millennium Tower. An accounting firm earmarks 3,521 sf for a new office at One Richmond Plaza.
PHOENIX-The project added exhibit space and updated the permanent gallery. The 5,324-sf gain was reserved for the Salt River Project, an exhibit that was three years in the making to detail the region's history.
SANTA MONICA, CA-N&S Development obtains the financing for a five-unit townhome project in Santa Monica, where units are expected to sell for up to $950,000. The development is under construction and is slated for completion at the end of 2003.
BOSTON-A report from Meredith & Grew on third quarter statistics indicates that while vacancy rates and negative absorption are slightly up and rental rates are slightly down, velocity remains steady. This is a market, the report emphasizes, where tenants can get good deals.
HOUSTON-Griffin Juban Interests gets to a closing table after waiting nine months because the equity partner had foreclosed on the Westchase buildings. A second marketing round still put Griffin Juban at the top of the buyers' list.
NEW YORK CITY-David F. Flynn will take on the position of senior vice president, national accounts executive, and John Poblocki will step into Flynn's former role as regional senior vice president for the Northeast and MidAtlantic regions.
DENVER-Developers Diversified Realty Corp. gets $107.50 per sf for Broadway Marketplace at Alameda Avenue and South Broadway. GMS Realty LLC of Carlsbad, CA adds the asset to a portfolio that already includes Southwest Commons and Kipling Plaza.
NEWBURGH, NY-National Express Corp. announced that it has hired Clough Harbor Associates of Albany, NY as the lead private consultant that will offer assistance in completing an update to the Stewart International Airport Master Plan.
HOUSTON-Turner Bros. of Oklahoma City finds some supplemental industrial space for its Houston operation. The short-term lease fills a warehouse at 8825 Mississippi St. near the Port of Houston.