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PORTLAND-A host of important characters in the debate are getting together at the end of May to discuss "when," "where," and "whether or not" Portland legendary urban growth boundary will be moved.
DENVER-Stuart Seeley and Sydney Hilzenrath is impressed by Apartment Investment & Management Co.'s operation of a Los Angeles property as well as the financials involved in the acquisition of 17,383 units from Casden Properties LLC.
LONDON-Encouraged by faster-than-expected lettings at the initial 330,000-sf phase of its PaddingtonCentral development in London's West End, Development Securities plans to start work on the 800,000-sf second phase next year.
PEWAUKEE, WI-Humana Wisconsin Health Organization Insurance Corp. relieves APW North America, Inc. of its lease, which had another four years to run, on 34,000 sf at Great Lakes REIT's suburban Milwaukee asset when it signs a 10-year, 46,000-sf deal.
DENVER-NorthMarq Capital arranges an $11.57-million mortgage deal that also matches the 20-year lease term for the Government Services Administration in Helena, MT. Also, the 6.9% interest rate was locked six months before closing.
REYNOSA, MEXICO-Brunswick Corp. buys a 90,000-sf structure in El Puente Industrial Park. A CB Richard Ellis exec says Brunswick is introducing a first for the maquiladoras. The buyer also grabs an abutting 12.5-acre tract.
DALLAS-This time, Addison and Arlington office buildings get the new deals. The largest pact comes from a merged law firm that has closed off 12,295 sf of class A space at Greenhill Park in Addison.
RAHWAY, NJ-Roughly $50 million in contracts have been signed for redevelopment of the city's central business district. A major focus of the project is an $18-million train station.
HOUSTON-Aiken Engineering will move into a small office at the 67,581-sf Willowbrook in Houston's northwest submarket. Revo Inc. is the owner of the 94%-occupied suburban building near the Hewlett Packard/Compaq campus.
HOPEWELL, VA-Dry ice and liquid carbon dioxide manufacturer Airgas Inc. of Pennsylvania is building a $10 million plant, to be completed in January 2003, at Honeywell International Inc.'s 200-acre manufacturing campus.