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LONDON-Warner Estate Holdings has exchanged contracts to sell a number of its smaller retail and office properties for a total of pounds 16.635 million ($25 million).
PORTLAND-Reacting to concern from city officials and neighborhood groups, Portland Public School officials agree to reconsider the process for selling off several dozen acres of parks and sports fields to help make up budget shortfalls.
HOLBROOK, MA-Klaff Realty LP sells the former Family Golf site to the Paradise Valley Realty Corp. for $1.4 Million. The 79-acre parcel is zoned for office, research and development, retail and warehouse/distribution use but the new owners say they have not yet finalized their plans for the site.
DALLAS-CF Jordan hires its first business development director, gleaning the exec from the Rogers-O'Brien ranks. CB Richard Ellis gets a new leasing team while Hall Financial Group lands a senior VP.
SAN DIEGO, CA-Typical "achievable" rent for a 10,000-sf unit in a class A building is $31.08 per sf, according to the latest report from CB Richard Ellis.
NEW YORK CITY-The agency charged with overseeing the redevelopment of Lower Manhattan, stung by the harsh reception of its first efforts, goes back to square one with an RFQ for five new planning teams and a laundry list of new design goals.
ATLANTA-In a blow to locally based Jacoby Development's 140-acre Atlantic Station, the $200-million aquarium, touted as a major attraction for the redevelopment, will locate on nine acres at Coca-Cola's 21-acre Downtown property where a new World of Coca-Cola museum is planned.
LONDON-Developers are turning off the flow of speculative development in the City of London as availability reaches new highs and take-up slows, according to new research from King Sturge.
CHICAGO-Officials at the REIT report negotiations have begun on a long-term settlement with the embattled consulting and audit firm, which leases 656,831 sf at two Downtown office buildings. At $16.8 million a year, Andersen is Prime Group's biggest tenant.
CHELMSFORD, MA-SavaJe Technologies, a provider of advanced Java platforms for handheld and wireless devices, takes 15,625 sf from Axis Communications at 100 Apollo Dr. in a sublease deal. Axis is relocating to the first floor of the building.