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CLEAR LAKE, TX-A newly signed lease requires the owner to make significant upgrades to the single-tenant office building in Clear Lake. That and the market married the owner to a 10-year loan.
ATLANTA-The locally based firm is adding 10,000 sf to its existing 19,915 sf at the 100%-leased, 50,443-sf 4500 River Green Parkway complex in suburban Atlanta.
DETROIT-Commercial building activity has dropped 44% from July 2001 to July 2002. Overall, the commercial construction market is down $1 billion from last year's first six months figures.
LOS ANGELES, CA-The developers of the huge ranch north of Los Angeles filed documents with Los Angeles County for a new, 11,700-acre community called Centennial.
WASHINGTON, DC-The $76-million luxury apartment building Post Massachusetts Avenue will welcome its first tenants at the end of the month. The 269-unit, 15-story building marks Atlanta, GA-based Post Properties Inc.'s first high-rise development in the District
DALLAS-The federal building in Dallas stays open, but under an alert in keeping with actions in all major markets. Ft. Worth BOMA asks building owners to roll out security plans. Nationwide, airports are grounded and regionally, some office buildings close.
NEW YORK CITY-One day after the World Trade Center went from monument to memorial status, a real estate firm is scouting "several million" sf of space on behalf of clients whose offices were destroyed in the terrorist attack.
CHICAGO-Horsham, PA-based GMAC Commercial Mortgage says insurance on its share of the $563-million loan it made on the World Trade Center in July includes coverage for acts of terrorism and damage caused by aircrafts.
MESA, AZ-The showplace site for one of the area's largest RV dealerships is bought out of bankruptcy. The California buyer is La Mesa RV Center Inc. The property is a 34,225-sf building and 15.5 acres with prime interstate frontage.