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BOSTON-In what is the largest gift in the hospital's history, the Yawkey Foundation is giving $25 million to the Massachusetts General Hospital over the next eight years to develop a 320,000-sf, 10-story outpatient care center near the hospital on Fruit Street.
ALBANY-New York State reports it has paid $3 million to acquire two parcels of land in Orange County totaling 634 acres of open space that will expand Sterling Forest State Park to almost 18,000 acres.
SAN DIEGO-San Diego's office market continues to take substantial hits and will lag well behind the recovery of the national economy, though signs of growth appear on the horizon, according to a report by Insignia/ESG Research Services Group.
DALLAS-Institutional investors are parking allocations in vintage multifamily product now that class A's lost its shine. Consequently, offers have doubled and listings are up as sellers and buyers look to tap opportunities in a changing marketplace.
FRAMINGHAM, MA-Colortyme, a rent-to-own/rental-purchase franchiser, opens its eighth store in the state in the Bullard Building at the junction of Routes 126 and 135. The Greater Boston franchise is looking to open two to three additional locations in the area.
NEW YORK CITY-The 15-story build-to-suit will be constructed at 30-30 Northern Blvd. in Queens, pending leasing commitments for at least 60% of the tower. Developer Edward J. Minskoff says he is hoping to lure decentralization-minded Midtown firms across the river.
CHICAGO-Trammell Crow Co. brokers create the tide that lowers or maintains the vacancy rates in three submarkets, inking industrial lease deals for San Francisco-based AMB Property Corp.
DENVER-Sabey Corp. sells an 81,564-sf industrial building at 18150 E. 32nd Pl. to Chicago-based First Industrial Realty, Inc., which now has a 1.8-million sf portfolio in northeast Denver, for $3.75 million.
ORLANDO-Zion's Hope Inc., a so-called non-profit group headed by a Baptist minister who converted from Judaism, expects to break ground by fall 2003 on a replica of Noah's Ark with live animals; an exhibit on creationism; and a 1,600-seat outdoor theater.
MT. OLIVE, NJ-Paragon Village will combine independent and assisted living residences and a medical arts building when it opens late this year near Rockefeller's ITC Crossing retail project.