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CHULA VISTA, CA-The long-awaited $80 million Gateway Chula Vista office and retail complex is about to get a grand opening. City officials say the redevelopment project will boost the South Bay economy by creating more than 1,000 new jobs and tens of thousands in tax revenue.
DALLAS-The decision to outsource in Dallas appears to have been a good one for UK-based Regus Business Centres. The team, led by Insignia/ESG, has closed 28 new deals, representing about 22,000 sf of its 182,000 sf in the region.
SUGAR LAND, TX-Mission Equities of Texas secures permanent financing through Ohio National Life Insurance Co. of Cincinnati, thanks to the efforts of a loan originator with Houston's Live Oak Capital. The office building is 95% occupied.
NEW YORK CITY-The travel and accommodation-services firm will move from its 1500 Broadway space to 25,000 sf at 37 Street and Seventh Ave. The travel industry's Post-Sept. 11 slump and the firm's acquisition of a competing firm fueled the move.
LYON TOWNSHIP, MI-The township board is to vote Monday on a controversial residential and industrial project on 189 acres. Residents are petitioning against the rezoning, which would allow twice the number of homes permitted under existing zoning.
IRVINE, CA-Jackson, DeMarco & Peckenpaugh ink a 10-year lease valued at $7 million for office space at 2030 Main St. The firm will relocate from its current digs at 4 Park Plaza in Irvine's Jamboree Center.
MINNEAPOLIS-The projects would be built in more than 35 communities throughout the Twin Cities and Minnesota. Nineteen of the projects are in the Twin Cities; an equal number are in the suburbs.
ESCONDIDO, CA-A planned 28-unit condominium project on South Escondido Boulevard near Sunset Drive has sparked threats of a lawsuit. Despite neighborhood opposition, city officials OK the development.
ATLANTA-The locally based developer closed two transactions totaling 101,700 sf at Northpark 75 in Cobb County and a single 38,460-sf deal in Shawnee Ridge 5, an IDI/Cigna joint venture property. All three leases are for five years at estimated rents of $4 per sf to $4.25 per sf net.