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FRISCO, TX-Fujitsu Transaction Solutions is shifting its headquarters north to Hall Office Park in a 60-month lease mortared by free rent, expansion options and an economic development grant to offset relocation expenses.
ATLANTA-The Worcester, MA-based financial services company moves into Building 600 in the 38-acre Embassy Row office park in the Central Perimeter submarket on Nov. 1, taking the building to 93% occupancy. Term is 6-1/2 years.
LOS ANGELES, CA-From April through June, Los Angeles County lead the nation in demand for apartments and Southern California was "the nation's apartment demand hot spot," according to a new report.
PHILADELPHIA-With a direct vacancy of 7% and average asking rental rate of $30.28 per sf, Bala Cynwyd/Narbeth remains the healthiest of suburban Philadelphia office submarkets, according to second-quarter research from Trammell Crow. New buildings take Conshohocken's overall vacancy to 25.3%.
NEW YORK CITY-The grand opening of three Courtyard properties and two Residence Inns brings the chain's Canadian hotel count to 33 and boosts the number of Courtyard international flags to 50.
SAN FRANCISCO-The San Francisco Redevelopment Commission has voted 5-2 in favor of approving a controversial 48-unit condominium project at the former Japantown Bowl site.
BALTIMORE, MD-Plans for a 200-room Four Seasons Hotel shape up with H&S Properties Development Corp.'s commitment to build the $100-million development. The luxury property will ultimately include 25 high-end rental apartment units, as well as an undetermined number of condominiums.
NEW YORK CITY-The financial services giant is reportedly looking for a quick turnaround on its former headquarters building, the 39-story tower at 53rd Street and Park Avenue. The 1.5-million sf asset is nearly 100% occupied.
VAIL, CO-Three of former Tyco International chief Dennis Kozlowski's properties include a 2,300-sf condominium, on the market for nearly $1.4 million. He's turned down one low-ball offer already.
FORT WORTH-The 282-room Green Oaks Hotel on Fort Worth's West Side now belongs to Wilcox Capital Partners and some local investors. They spent about $5.5 million for their premiere buy, with an immediate plan for a $500,000 rehab.