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ATLANTA-Lend Lease officials would neither confirm nor deny to GlobeSt.com local published reports speculating the 750-person firm may be sold by year's end.
BOSTON-The Boston Redevelopment Authority wants the four finalists bidding to develop Hayward Place, a valuable piece of real estate located in the heart of the city, to agree to meet its funding schedule. The city chose four finalists for the $23-million project this past March.
PHOENIX-Ground breaks on a 23,700-sf, four-building campus at 1802 W. Parkside Lane. The project delivers in May 2003 in an undertaking supported by more than $300,000 in donated materials and time from the development community.
HOUSTON-Union Pacific's brokers find buyers for "surplus property," the only Houston holdings that it's labeled as such for now. The warehouse, assessed at nearly $240,000, sits on one acre at 1133 Providence St. The land goes in a separate deal.
AUSTIN-Alori Properties acquires adjoining multifamily properties, totaling 87 units. The Austin-based buyer and seller agree to a price that's close to the $4.4-million ask. Hendricks & Partners structure the buy; California Federal Bank makes the loan.
SAN DIEGO, CA-Thomas K. Olson, a 28-year veteran of the industry, is hired as senior vice president and founding partner of the new Coldwell Banker Commercial - Towne Centre location.
DALLAS-Tenants, at last, are making decisions. An early-to-market crowd is locking in today's lower-than-usual rates despite ongoing uncertainties in the US and abroad. The pace clearly has picked up, particularly for class A and trophy buildings.
SUGAR LAND, TX-The plan is to start taking convention bookings as soon as the ceremony ends. The 300-room hotel will open in fall 2003 as a key component to the $200-million, under-construction town square project.
ATLANTA-The Huntingdon Valley, PA-based national developer is joint venturing with Hilton Head, SC builders John Reed, Gary Rowe and Tom Zinn in the creation of Hampton Hall, a planned 1,000-acre, 935-home, golf course country club community.
HANOVER TOWNSHIP, PA-Ontario-based Alexandria Moulding has signed a 10-year lease at a facility developed by Wilkes-Barre, PA-based Mericle, in a Keystone Opportunity Zone.