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LONDON-Kodak subsidiary Cinesite has taken 31,000 sf of office space in Benchmark and the Crown Estate's development at 2 Sheraton Street, London W1 in Soho's biggest office letting this year.
MONTEREY, CA-Hyatt Regency Monterey has begun working on a $20 million renovation project that will remodel all 575 guest rooms and public amenities, as well as add a spa and health center to the mix.
AUSTIN-United Otolaryngology Associates is headed to the Overlook at Rob Roy, a newly delivered office building on seven acres that overlooks a tony subdivision in Austin's southwest submarket.
LOWELL, MA-Delmont Gardens Trust secures permanent mortgage financing of $9.5 million for Delmont Gardens, a 192-unit luxury apartment community located on Delmont Avenue, Felker Street and Bernier Street near Route 495.
DENVER-The architectural/engineering consulting firm signs an 11-year deal at MCI Tower at 707 17th St., an asset owned by Fort Worth, TX-based Crescent Real Estate. Carter & Burgess is Crescent's largest tenant in Fort Worth.
ATLANTA-Norfolk, VA-based Harbor Group International sold the 236,456-sf, class-A, 91%-occupied property to IPC US, a Canadian REIT, for $21.65 million or $91.56 per sf. Harbor booked an 11.59% gain, or $2.25 million since buying the asset for $19.4 million in 1999 from Bank One of Chicago.
JERSEY CITY, NJ-BRT Realty Trust arranged the package for the owner of the property, allowing that owner to avoid a foreclosure proceeding. The 60,000 office building also contains ground-floor retail space.
WALTHAM, MA-Kodiak Venture Partners takes 11,000-sf of space at 1000 Winter St. in the one million sf Bay Colony Corporate Center. The venture capital firm wanted this location because of its proximity to other investment firms.
OAKLAND, CA- Oakland-based Carol H. Williams Advertising will relocate from its present location at 1901Harrison St. in February 2003. The ad agency will occupy the 17th floor at 555 City Center.