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ORLANDO-Darrell Kelley, president of Maitland, FL-based Milcom Technologies Inc. for only 14 months and an executive at Sprint Corp. for 40 years, steps into the chair of president/CEO at an initial base salary of $120,000 and a potential annual bonus of $180,000.
DETROIT-A team spokeswoman confirms that the Detroit Lions are negotiating with developers for proposals to fill 1.3 million sf of space, including a 250-room hotel or retail uses.
RANCHO BERNARDO, CA-The aerospace company has signed a lease for 51,698 sf in the North County community of Rancho Bernardo. The lessor is NCR Corp. The property is located at 17095 Via Del Campo.
DENVER-A landmark 39,000-sf building on 1.73 acres in the historic Congress Park neighborhood is being auctioned by Chicago-based Sheldon Good & Co. next month as the Archdiocese of Denver merges two campuses of the Good Shepherd Catholic Church and School.
LONDON-New research from Cushman & Wakefield Healey & Baker underlines the growing divergence betweeen the boom in investment activity and the depressed occupational market.
NEW YORK CITY-The Long Island Campus will break ground on a 100,000-sf tech facility by year's end. The complex will be co-located with a new 67,000-sf STAR Center for biomolecular research to facilitate cross-disciplinary interaction.
SEATTLE-Operating as City Investors XVI LLC, Paul Allen's Vulcan Inc., has reached a preliminary agreement to buy most of the city block southeast of the intersection of Mercer Street and Terry Avenue North, adjacent the firm's joint-venture Interurban Exchange development.
MIAMI-Vacancies are up for eight consecutive quarters to 17.5%, the highest level since 1994, according to a second-quarter market report by Cushman & Wakefield of Florida Inc. Miami Beach has a 28.4% vacancy level, the highest of all the area's submarkets.
BALTIMORE, MD-Cambrex Bio Science Facility will build a $5million addition to its 60,000-sf property at 5901 E. Lombard St. The project entails adding development and analytical laboratories and a pre-clinical pilot plant. Construction is scheduled for completion in spring 2003.
LOS ANGELES, CA-Marlton Square, which still needs approval from the City Council, would include a 140,000-sf community shopping center, 140 single family detached homes and 180 affordable senior apartment units.