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MIAMI-The Toronto-based financial institution is doubling its space to 36,900 sf on two floors in the 10-year lease. The bank is paying approximately $33 per sf. The building, with 415,150 rentable sf, is 84%-occupied.
ORLANDO-U.S. Bankruptcy Court Trustee R.W. Cuthill Jr. will outline a tentative settlement with the family of convicted conman William J. Zylka of New Vernon, NJ, who sold unregistered mortgage-backed securities for 10 years in an alleged $214 million swindle.
SEATTLE-Jim Weymouth tells GlobeSt.com he expects as many as 260 nights of activity around his would-be 250-room hotel, which is slated for the northeast corner of 1st Avenue South and Royal Brougham Way, adjacent two new major league sports stadiums and a brand new exhibition hall.
TUCSON-American Property Management of San Diego takes over the 180-room Rio Rico. The upgrades will include a day spa to go along with other high-end amenities that qualified the property as the state's leading small resort.
WOODBRIDGE, NJ-According to numbers issued by the NJ office of Julien J. Studley Inc. the drop in rents and increase in vacancies have leveled off, but the crisis of sublease space still looms.
SOMERVILLE, MA-A settlement offer to end a lawsuit that would allow a 173,000-sf Home Depot to be built at Assembly Square Mall is rejected. The lawsuit was brought by an abutter to the 26-acre parcel, which developers have been trying to develop for nearly five years.
DALLAS-Grubb & Ellis says it's time the Dallas-Fort Worth office market comes clean about asking versus effective rents. The firm is collating the data and will release the findings in December. As for Q3, there were some positive signs.
DENVER-The latest numbers from a quarterly Daniels College survey show that local apartment vacancies rose a little in third quarter 2002. Vacancies this year are as high as they were in the early 1990s.
LOWELL, MA-Eltech Electronics expands its East-Coast base of operations by doubling its space at 790-800 Chelmsford St. in Connector Park. The Singapore-based electronics equipment manufacturer increased its industrial space from 35,000-sf to 70,000 sf.
AUSTIN-It will be at least a year before site work begins on the 10-story hotel near the Austin-Bergstrom International Airport. The Springfield, MO-based hotelier still has mounds of city paperwork to do for the entitlement process.