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CHICAGO-Besides an attractive lease rate on the Near West Side facility at 2011 W. Hastings, AWE Properties agrees to tenant improvements and adding parking to lure the local telephone company's service center.
NEW YORK CITY-Increased governmental scrutiny and litigation fears are making environmentally damaged properties a tougher sell than ever. New Research released by Chubb Environmental Solutions says less than half of such deals ever make it to closing.
HOUSTON-The leading honor goes to Gerald D. Hines, the third annual winner of the Urban Land Institute's J.C. Nichols Prize for Visionary Urban Development. With the honor comes a $100,000 check.
NORTHBOROUGH, MA-41 Lyman St. secures $3.3 million in financing. The single-tenant office building is leased by APX Central Inc., a subsidiary of Western Parcel Express Inc. It was the quality of the tenant that encouraged a local bank to go through with the deal.
PARSIPPANY, NJ-Germany's TMW Immobilien AG and Atlanta-based TMW Real Estate Group will join the fold of Prudential Financial's real estate investment and advisory business.
LANSING, MI-The new rules are designed to encourage renovation of aging buildings and reduce urban blight. Previously, owners and developers were forced to rehabilitate aging buildings to new construction standards.
LONDONDERRY, NH-A glut of multifamily proposals has town officials angling to reduce the number of units that get built. A 360-apartment complex was recently proposed just after the town approved a 243-unit project, and a 96-unit development is just about to enter the system.
LONDON-Railtrack has unveiled a pounds 100 million ($154 million) mixed-use scheme for Bishops Stortford. On nearly 14 acres of land, it will include mixed-use scheme with offices, retail and residential elements.
ASBURY PARK, NJ-Shaking off any doubts that the agreement might be tainted by bribery charges against the former city manager who negotiated the deal, the city council has put the massive beachfront makeover into high gear.
SEATTLE-The two-year project, OK'd after the Nisqually Earthquake last February, will make the historic, 85-year-old Courthouse seismically safe. The project, to be done by Baugh/Skansa Construction, is scheduled for completion in August 2004.