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SEATTLE-The grand opening of the $52-million Puget Sound Environmental Learning Center this fall will conclude the transformation of 225-acres into a school in the woods that will teach 7,000 participants annually.
ORLANDO-The Cranford, NJ-based developer netted $23.7 million or $79.68 per sf after deducting re-tenanting costs and credits for capital improvements to buyer Decade Properties Inc. of Brookfield, WI.
ATLANTA-In preparation for a move to a leased 511,000-sf distribution center in Braselton, GA, locally based Haverty Furniture Companies sells its 204,040-sf property to Atlanta-based Hanover Acquisition Group for $4.4 million and leases it back through December.
DENVER-"Retail development will lead office and industrial development statewide for the next five years," predicts CB Richard Ellis broker Dean Insalaco. Already, grocery-anchored centers are hot items, he notes.
VANCOUVER, WA-The Vancouver City Council on Monday eschewed a staff recommendation on how to spend its real estate excise tax revenue, instead opting to think about it for another 90 days. The new deadline for a decision is Oct. 31.
LEXINGTON, MA-ICF Consulting relocates its regional headquarters from Cambridge by taking 35,000 sf at 33 Hayden Ave. The consulting firm is taking space previously leased to Mercer Management Co., which is relocating to the city.
ORLANDO-Real estate lawyers familiar with the special tax breaks tell GlobeSt.com on condition of anonymity that lawsuits are expected to be filed this month by large landowners such as Chicago-based Pritzker family which owns the Hyatt Hotel chain; Walt Disney World Co.; Hilton Hotels Corp; and the Ginn Co.
PORTLAND-After another year of the doldrums, renewed growth is expected to arrive a little less than a year from now, according to a just-released mid-year report by Insignia/ESG, setting the stage for a steady rebound through the second half of 2003.
SANTA MONICA, CA-Movielink, a new venture formed by Warner Bros, Paramount, MGM, Sony and Universal Studios, leases 21,261 sf in four-year deal, moving from former temporary quarters in Westwood, Calif.
WOODRIDGE, IL-United States Intermodal Services, Inc. takes a distribution facility at 1640 Internationale Parkway owned by Catellus Development Corp., which throws in 20 docks and eight rail doors to clinch the deal.