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OAKLAND-The City of Oakland is making decisions that favor new development over preserving landmarks. In one case, an 87-year-old hotel will remain intact but the surrounding grounds are open to development.
MANASSAS, VA-Prince William County Judicial Center will undergo a $9 million expansion and upgrade that will increase its current 129,000-sf structure by 48,000 sf. Tucon Construction is the contractor on the project, which was designed by architecture firm Moseley, Harris & McClintock.
BOSTON-Barnes & Noble, Inc. plans to open a 30,000-sf bookstore at 800 Boylston St. at The Shops in the Prudential Center. The store joins 65 other retailers in this building, which is located within the Prudential Center Office Park. <P>
INGLEWOOD, CA-Agreement on $36 million land acquisition clears way for largest development in city's history, expected to include national retail chains, shops and restaurants in densely populated area.
LITTLETON, CO-It got its current 190,000-sf complex for the bargain price of $7.5 million in 1997, but satellite TV giant EchoStar Communications has considered at least two larger facilities on the market.
LONDON-An overseas investor advised by Stratreal has bought Morley Fund Management and Redrow Commercial's 120,000-sf Windsor Office Park in a move that will underpin confidence in the troubled M4 office sector.
LONDON-New research from Catella shows prime West End rents have fallen 12% in six months. And the agent reports that the City market is off 8% over the same period.
ORLANDO-Atlanta-based Ronus Properties, the longtime owner of West Colonial Oaks shopping center to sold the Home Depot-anchored property to Noble Properties of West Palm Beach.
FAIRFIELD, CT-Colonial Realty of Fairfield reports that it has brokered 100,000 sf in industrial lease deals, including Remarketing Solutions International LLC's 66,400-sf sublease in Orange.
BOSTON-Portland Street Hotel Inc. pulls off a real feat by nailing down financing for its Kimpton hotel project located downtown at 155 Portland St. Corus Bank is providing a $15.2-million construction loan for the 112-room boutique hotel.