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LONDON-The City of London leasing market is heading for its worst year since 1987, according to a new report from Jones Lang LaSalle. But the picture is marginally brighter in the West End.
LONDON-Glassmaker Pilkington has taken the largest industrial pre-letting in South Bristol for three years, taking a 37,312-sf unit on Chartwell Land's Imperial Park development.
NEW YORK CITY- Meridian Real Estate Services Inc. is the latest firm to join I/ESG's affiliate program. It will operate as Insignia Meridian, and adopt Insignia's policies and procedures, operating platform and corporate governance protocols.
ATLANTA-In a joint venture with an unnamed Tennessee operating partner, the New York company buys the 360-unit Charlotte apartment complex from Chicago-based Equity Residential Properties Trust for $15 million. The property is 94% leased; units average $585 a month.
TUCSON-High Throughput Genomics positions itself for more growth in the region's developing biotech corridor. The firm, a 16-month tenant, now occupies about half of Rio Estes' building at 6296 E. Grant Rd.
DALY CITY, CA-Although the city is still $1 million short for the $8-million, it breaks ground on a new $8 million community center that will feature a fitness center, arts and crafts studio, technology center, recreational areas and meeting rooms.
SANTA CLARITA, CA-Autotech Accessories Inc. buys a 27,560-sf distribution warehouse with 2,200 sf of office space from Fairway Commercial Partners, the developer. Autotech has relocated to the building from Sun Valley.
DENVER-Refinancing to lower interest rates allows the city to save $63 million on its financing of Denver International Airport, where the city plans to build a Westin Hotel.
AUSTIN-The 28,000-sf Parkway Office Centre will deliver in late summer or early fall 2003 on the last available tract for an office project along Capital of Texas Highway, south of Bee Cave Road.