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LONDON-Kier Ventures has secured an agreement with the Department for Environment, Food and Rural Affairs to redevelop the 135,000-sf DEFRA Whitehall headquarters in one of the largest pre-lettings seen in the West End this year.
LONDON-Runnymede Borough Council has granted planning permission for nearly 200 residential units on the banks of the River Thames at Bridge Wharf, near Chertsey Bridge.
DETROIT-The large restaurant chain is opening stores it closed during a 2000 bankruptcy filing. New ownership has two new prototype stores opening this year in Grand Rapids, MI and East Lansing, MI.
DENVER-Frederick Ross Co. says the office vacancy rate cracked the 20% mark in the first quarter, with 1.1 million sf of negative absorption. "Fortunately, supply remains in check with only a handful of small projects on the horizon," says Ross.
ORLANDO-The $800 million structure, targeting international travelers, isn't expected to break ground until 2007 or until passenger demand reaches the annual 38 million mark, up from 28.3 million in 2001, Orlando International Airport officials confirm.
DALLAS-Trinity Parkway Properties, a Jim Lake partnership, uses a 45,346-sf building at 141 Manufacturing St. as collateral for a 20-year loan. Cincinnati-based Union Central Life Insurance Co. provides the financing.
CHICAGO-The Washington Square District Extension advances to the city council, but not before some aldermen say the landmark process is being used to circumvent the zoning process as well as restrict property rights.
SAN DIEGO-The San Diego City Council tomorrow will reconsider SeaWorld's amended $51 million expansion plan. SeaWorld wants to redo the theme park's entrance, build a 95-foot-tall splashdown ride a three-story educational facility and a special-events center.
MEDFORD, MA-Elizabeth Grady Cos., a skin care and day spa company, intends to open 100 new locations in the northeast as part of its expansion plans. The locally based company currently has 22 locations, 18 of which are in the state.
CHICAGO-Burrell Communications takes 34,508 sf at 233 N. Michigan Ave. while Geneva USA converts a sublease into a long-term deal at 980 N. Michigan Ave. Burrell consolidates space now occupied at two other Michigan Avenue office buildings.