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SEATTLE-When the IDX Tower opens in October at the corner of Fourth and Madison, the 40-story facility will include Bright Horizons Family Solutions, Inc. daycare. The Watertown, MA-based childcare company has signed a lease for 10,382 sf.
LONDON-UK property yields are falling again, according to Cushman & Wakefield Healey & Baker's latest quarterly market report. The return of institutional money has resulted in more competition in the market for prime property.
ORO VALLEY, AZ-A Los Angeles pension fund hawks its seven-year-old Boulder Canyon at La Reserve, the second class A property in Oro Valley to sell in a month. HSL Properties was up against strong competition in the bidding.
WHITE PLAINS-Two years ago, Metromedia Fiber Network made a major splash by signing an 80,000 sf lease in downtown White Plains. Today, the digital communications solutions firm, awash in debt, is bankrupt and trying to chart a new course towards financial stability.
ST. PAUL, MN-The $80-million to $120-million roof could be done on a lease arrangement with a contractor. It would ensure fans traveling from distant states would see a game.
ST. PAUL, MN-The Twins ballpark bill puts $500,000 in an account to explore building a joint facility for the Minnesota Vikings and University of Minnesota football teams. Both would vacate the Metrodome, which could fetch $26 million.
OAKLAND, CA-Shorenstein has proposed a scaled back version of City Center development. The company wants to develop two more buildings instead of three, opening the extra space for possible housing or retail projects.
CHICAGO-Even when the local alderman, community groups and police department's top brass sign off on a site of a new police station, eyebrows still are raised over the placement of some of the 43,000-sf precinct houses.
LONDON-The Prudential is preparing a revised planning application to extend the Grafton shopping centre in Cambridge. Having failed to acquire the land for a proposed 50,000-sf extension on to Burleigh Street, it now plans to add 30,000 sf by building over the mall's service yard.