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DENVER-It may be one of the larger deals in the office leasing market, but the telecommunications giant is actually shedding 40,000 sf in the short term. However, Sprint has another 80,000-sf lease deal in the works.
HOUSTON-With finish-out wrapping up, the communications giants put signatures to the acquisition of a 30,000-sf building and near three-acre tract in Westway Park. The build-to-suit will house Houston's 24-hour news channel.
CORONA, CA-Palm Central Partners acquires the 76-unit property, Parkview Manor. It is the latest in a string of apartment complexes to change hands in Riverside in recent weeks.
ISSAQUAH, WA-Annexation is whipping up controversy on the plateau. While the city of Issaquah appears ready to welcome the residents of one developer's growing senior housing project, it seems bent on pushing an 11,000-resident master planned community toward Sammamish citizenship.
TACOMA, WA-At its May 21 meeting, the Tacoma City Council will consider an ordinance that would incorporate final terms and conditions into the Greater Tacoma Convention Center financing plan, which was approved in concept last summer.
ORLANDO-Column Financial Inc. of Atlanta is providing an 80% loan-to-value, 30-year amortized permanent funding package to Dewberry Capital Corp. of Atlanta, founded by former Georgia Tech University quarterback John Dewberry and his brother Douglas in 1989.
PHOENIX-Art Wholesalers, on a steady growth chart, finds a larger spot to meet its demand. The operation signs a 6 1/2-year lease for a single-tenant building near the Chandler Fashion Center. The operation will relocate from Gilbert.
SEATTLE, WA-The law firm of Heller Ehrman White & McAuliffe has renewed on 91,000 sf in Equity Office's Bank of American Tower. Under the new five-year agreement, Heller will expand its space by an additional 20,000 sf early next year.
WASHINGTON, DC-A survey commissioned by the Building Owners and Managers Association and the Urban Land Institute finds heightened security awareness among building owners, managers and developers since the Sept. 11 terror attacks, but no drastic changes in security procedures and measures.
ORLANDO-Little-known J&P LLC of Washington, DC and Tampa, FL can't find funding to close on a $24 million bankruptcy court deal for the 17-story, 408-unit, 11-year-old twin-building property at 6145 Carrier Drive in the city's main tourist area.