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LOS ALTOS, CA-A $1 million donation from an early founder of 3Com has enabled Foothill College to develop a $9.3 million technology center at a dormant campus facility in Los Altos Hills.
NEW YORK CITY-Despite slight increases in asking rents and vacancy rates for Manhattan in July, the latest Grubb & Ellis analysis shows an increasingly sluggish recovery for the NYC office market, as the firm pushes its predictions for a recovery into 2003 and beyond.
ANAHEIM, CA-Altura Communication Solutions, formerly Fujitsu, will move from the Irvine Spectrum to a new 42,440-sf R&D building here in the Bedrosian Freeway Business Center.
DETROIT-Local office tenants say fears about traffic or safety never materialized. DTE Energy praises gaming businesses, and is selling land next door for development of a $500-million MGM casino.
CHESAPEAKE, VA-Automotive systems supplier Visteon Corporation will open a $17 million, 73,000-sf manufacturing plant in the Crossways Commerce Center I warehouse structure next spring. The space, which leases for $3.99-per-sf, was once a Volvo manufacturing plant and will employ about 42 workers.
MIAMI-Rhoda Bernath is a former sales director at Miami Beach-based Crescent Heights and Bentley Bay, Roney Associates and Weitzer Home Builders.The Waverly at 1330 West Ave., Miami Beach, is being converted to condominiums with prices starting at $250,000.
HOUSTON-Campbell Property Services will break ground in a couple months in what is believed to be an under-retailed submarket. There are no committed tenants, but the firm is wooing national credit tenants for the project.
BOULDER, CO-The director of the University of Colorado Real Estate Center is honored for work he did over three decades in South Florida, when he helped develop master-planned communities such as Pelican Landing and Pelican Marsh.
BOSTON-Dock Square Garage, a six-story, 698-space parking structure located in the heart of Faneuil Hall Marketplace, one of the city's most popular tourist attractions, secures $35 million in financing. The property also includes 15,641 sf of retail space.