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NEW HAVEN, CT-Office vacancy rates in New Haven bucked national trends and fell ever so slightly in the second quarter of this year, despite turbulent capital markets and a struggling economy.
CHICAGO-After 30 years at 180 N. LaSalle St., Heitman Financial LLC will move to 191 N. Wacker Dr. in May after signing a 10-year lease for space at the building being completed by Hines Interests LP.
PHILADELPHIA-Although the surplus of office sublease space in the metro areas of Pennsylvania and Ohio runs to double digits, it remains below the 24% national average. Of five area cities, Philadelphia's is highest at 19.9%, according to a new study.
LONDON-Henderson UK Property Fund has bought the Roebuck Retail Park in Stevenage, Hertfordshire, from Thurleigh Estates. The park has six units, one of which is vacant, with planning permission for an extension.
NEW YORK CITY-Affordable-housing advocates are raising the roof over yesterday's unscheduled Housing Finance Agency meeting. Three Downtown multifamily projects received approval for $340 million in Liberty Bond financing despite having only a 5% affordable-housing component.
MIAMI-The Birmingham, AL-based lender is providing Greystar Real Estate Partners of Charleston, SC and TMW Realty Advisors of Atlanta $15.81 million and Atlantic Partners II LLC of Greenwich, CT $9.2 million. Both projects are in Palm Beach County.
SAN FRANCISCO-Shortly after losing a multi-million-sf Microsoft account to Grubb & Ellis, Johnson Controls loses another big account after Sun Microsystem's selects Cushman & Wakefield to manage its 220-property, 11-million-sf portfolio.
NEW YORK CITY-Fleet Bank will open two branch banks and two ATM locations by the end of the year as part of its ongoing expansion/renovation program. The bank is spending $22 million over the next two years to nail down its New York presence.
SAN ANTONIO-The San Antonio-based grocer's calendar is full as it works on a major expansion at its lone Abilene store and ramps up openings at five stores bought earlier this year when Albertsons said goodbye to San Antonio.
COLONIAL HEIGHTS, VA-Nylon producer Mitsubishi Gas Chemical Company of Tokyo opts to build a $14 million production plant in the Richmond area's 280-acre Ruffin Mill Industrial Park. Construction will begin later this year and will wrap up in 2004.