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PHILADELPHIA-Berwind Property Group is adding to its 23-million-sf portfolio of properties with the construction of two office buildings in the Providence Corporate Center 20 miles outside of Philadelphia.
LONDON-The London Borough of Southwark has given Land Securities the go-ahead for the 800,000-sf redevelopment of Tabard House and St Christopher House on the south bank of the Thames, one of the biggest elements of the regeneration of the Bankside area.
DENVER-Atlanta-based Wells Real Estate Investment Trust takes the 108,240-sf building at 750 S. Richfield St. off the hands of New Jersey-based Mack-Cali. The building is 100% leased to TRW Inc. through September 2007.
BOSTON-A new marketing plan proposed by a committee of the Massachusetts Convention Center Authority is approved for the under-booked $800-million Boston Convention & Exhibition Center, currently under construction on the South Boston waterfront.
PHILADELPHIA-One of the biggest names in commercial real estate is buying an equity interest in the 26-year-old, 29-story, 610,000-sf Tower Place 100 office building in a deal valued at an estimated $130 million.
LONDON-New Research from Lambert Smith Hampton underlines the continuing weakness of West End office rents although take-up during the first four months of 202 improved on the previous four months.
SALEM, OR-The 176,000-sf location is one of three opening over the next year. The home improvement retailer's stock price stood at $47.29 on Thursday, up 50% since September 21, 2001.
DETROIT-Nearly $22 million in tax credits encourage firms to build new facilities, buy new equipment and hire more workers in state. Nissan Technical Center North America Inc. gets $15.7 million, nearly half the cost of its Farmington Hills expansion project.
PHILADELPHIA-The Pennsylvania Housing Finance Agency awards a total of $3.2M of funding and $1.3M in federal tax credits to build affordable apartment complexes in three commonwealth communities.