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ORLANDO-The ranking to double-A minus from single-A plus comes as the four million-sf Orange County Convention Center reports it will average 65.2% occupancy for fiscal 2002 that ends Sept. 30, up from 61.8% in 2001 and 62.9% in 2000.
SCOTTSDALE, AZ-Part of the California team has settled into the 23,132 sf of class A office space at 7025 N. Scottsdale Rd. The remainder come this month. The class A finish-out is carrying a $950,000 price tag.
LONDON-A consortium of four major developers and institutions has unveiled proposals for the 1.67 million-sf redevelopment of the Broadmead district in the centre of Bristol.
NEW YORK CITY-The Canadian REIT buys 2.4 million sf worth of retail assets from developer First Pro. The company will spend the next 12 to 18 months building out more than 225,000 sf at the 99%-occupied facilities.
NEW YORK CITY-The latest in a spate of Harlem developments is the purchase of several largely vacant buildings near the Harlem Center. The buyer is in talks with multiple "large-box retailers" and "household name developers" about build-to-suit projects on the site.
DETROIT-The University of Detroit Mercy, Western Michigan University in Kalamazoo and Tennessee Technological University in Cookeville, TN receive $370,000 from DENSO North American Foundation of Southfield, MI for design centers and engineering complexes.
AUBURN HILLS, MI-Financial performance for the manufactured home builder is expected to be helped by store and manufacturing facility closures as well as layoffs.
BURBANK, IL-The Milwaukee-based retailer signs a 91,903-sf lease renewal and expansion, expanding the store's size by one-third. Other deals in the submarket involve replacement tenants for former Discovery Zone space at Orland Park Place.
CHARLOTTESVILLE, VA-The affluent college town makes way for the $25-million, 24-acre Jefferson Ridge Apartments with the recent groundbreaking on the project. Neighborhood Properties Inc. is developing the 234-unit luxury complex and expects work to be completed in January 2004.