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PHILADELPHIA-A $26-million, eight-story addition to science labs at Pittsburgh's Carnegie Mellon, designed by locally based Burt Hill Kosar Rittelmann, opens this fall. Meanwhile, financing is secured for the architect's design for an 18-acre mixed-use, urban development along the Philadelphia riverfront.
VALHALLA-In the largest lease transaction in Westchester County in the past two years, Fuji Photo Film U.S.A. Inc., has signed a lease for 164,000 sf of space for its US headquarters at 200 Summit Lake Dr. here.
LONDON-Office take-up in the nine main German centres fell by around 33% year-on-year during the first half of 2002, according to new research from Atis Real Muller.
PHOENIX-In a rare opportunity, a user acquires an 84,458-sf office building in the prestigious but hard-hit Camelback Corridor. Crescent gets the check and a non-core asset stripped from the portfolio.
MIAMI-The company is aligning with Dania Beach, FL-based Immo Capital Advisors which posted $250 million in commercial real estate transactions last year. Ackman-Ziff did about $1.3 billion.
WESTWOOD VILLAGE, CA-Damoka Los Angeles Inc. pays $3.5 million for the 8,367-sf Flax art supply building, which sits on a 12,460-sf lot near the UCLA campus.
AUBURN HILLS, MI-The new 60,000-sf building is constructed as part of a $70-million capital campaign from Metro Detroit YMCA. The campaign is building 443,000 sf of facilities.
ATLANTA-Three Alabama banks team up with partnerships in four communities to provide $1 million to develop and rehabilitate 145 low-income and moderate-income housing units. The banks are members of Federal Home Loan Bank of Atlanta.
DENVER-Planning ahead helps investors capitalize on a section of the income tax code that allows for tax-deferred exchanges of commercial real estate. Tax expert Kenneth C. Cohen is a proponent of the reverse exchange.