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DENVER-Under the $16-million financing scheme, the city and county would buy 400 W. Colfax Ave. from the publishers of the Rocky Mountain News, sell it, then lease it back.
NEW YORK CITY-Developer Larry Silverstein has answered a question that has dominated the minds of New Yorkers and all Americans: Will the World Trade Center rise again?
VALLEY FORGE, PA-The two-story class-A office building sold by Berwind Property Group of Philadelphia is leased to Quest Diagnostics, which uses the property as its national billing headquarters.
HILLSBORO, OR-In April, the city asked Specht, the high bidder and winner of its Downtown civic center design-build competition, to shave $5 million off its $36.4-million development proposal in order to bring it in line with a budget that was kept secret during the competition for the project in order to promote creativity.
CHICAGO-A network news report that terrorists planned a truck bombing of the tallest building in North America is "inaccurate, unconfirmed and irresponsible," according to the Federal Bureau of Investigation's office here.
PISCATAWAY, NJ-The deal brings Lincoln Equities Group's 196,000-sf 1551 South Washington Ave. to 100% occupancy. The cosmetics company will use it for its New Jersey offices.
LONDON-UK property yields are continuing to fall as investors seek a safe home for their money while the stock market turbulence continues. The CB Hillier Parker All Property Average Yield has fallen for the third consecutive quarter to stand at 7.2%.
ORANGE COUNTY, CA-Nearly a year after the terrorist attacks, some resorts in Orange County and the Inland Empire say they fared better than expected despite some lost bookings.
AUSTIN-The key to the double signing lies in the building owner's decision to divide larger spaces and market them as short-term, turn-key deals, says the broker. The strategy closes off nearly 4,700 sf of office space.
DALLAS-A six-month search ends with a decision to carve out a 4,600-sf spot in a 90,000-sf building. Jeny's Meat Market Corp., owner of La Mexicana stores, goes for a five-year lease. Also, a RREEF tenant renews 17,447 sf for the short term.