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MIAMI-The two new tenants--Wackenhut Corrections Corp.'s headquarters and eNeighborhoods offices--will occupy 46,308 sf in the Boca Raton, FL, office building.
ATLANTA-Locally based Bent Creek Trust pays $8,500 per unit to B C Atlanta LLC for Bent Creek Village Apartments, a 32-year-old property that emptied this June. Units range from 936 sf to 1,145 sf. The estimated rent rate is $675 per month.
PHILADELPHIA-Local trusts offer a rescue that would bring an art collection in Merion, PA, valued at $25 billion, to Philadelphia. Saddled by a foundation described as "broke and dysfunctional," its fate rests appropriately in the hands of the Orphan's Court.
PONTIAC, MI-The diner, which operates out of a vacant railroad car, must be moved to allow construction of a Quality Suites Hotel and Conference Center and retail, office and loft projects.
PACIFIC GROVE, CA-The Pacific Grove Planning Commission denies an extension proposal by the developer of a local retirement community. The developer is appealing the decision.
PHILADELPHIA-Chester, WV-based MTR Gaming Group obtains a license for thoroughbred racing and pari-mutuel wagering in Erie, PA. It plans a dirt-and-turf track with entertainment, concert and dining, scheduled for completion in time by the 2004 season.
HOUSTON-The doors are open on an 8,640-sf Got Furniture? store at Hearthstone Corners, a 204,000-sf shopping center in northwest Houston. The retailer makes the move by downsizing another location in the same submarket.
YORKVILLE, WI-McLane Foodservice, Inc. will build a 170,000-sf distribution center on its 21 acres, a project estimated at $8 million to $10 million, while Platford Corp. has plans for three 32,000-sf buildings, potentially worth $5 million.
NEW YORK CITY-After being taken to the woodshed over its original six proposals for the redevelopment of Lower Manhattan, the beleaguered agency takes another stab at the process, narrowing down 407 applications to six final teams, each of which is now charged with developing a workable plan.