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LONDON-Land Securities has been granted planning permission for a third phase of its successful Caxtongate retail development in Birmingham city centre.
EL SEGUNDO, CA-Telasic Communications, new to El Segundo, signs on for 27,647 sf at El Segundo Research Center., a development owned by TIAA Realty Inc. The lease will commence in June.
IRVINE, CA-The nation's largest provider of title insurance and real estate related products announces $1.1 billion in revenue for the first quarter of 2002, marking the third consecutive quarter that the company's revenue has exceeded $1 billion.
DETROIT-The school district will move into a public-friendly area of Downtown New Center and sell its current Woodward Avenue facility to Wayne State University for possible office and industrial uses.
PHOENIX-The industrial vacancy crept up 0.7% in the last quarter. But, that's sure to come down as the year progresses, says Cushman & Wakefield in its latest market analysis. The market is just following the economy, says the author.
CARVER, MA-New England Waste Services proposes developing a landfill on 50 acres of a 180 acre parcel it is looking to acquire. If the town allows the landfill, the company says it will provide $1 million a year for 20 years to the town.
DENVER-As the city and county struggle to come up with $20 million for cost overruns at the $268 million Colorado Convention Center, the idea of sale-leasebacks of police and fire stations is being floated.
NEW YORK CITY-Garrick-Aug's Faith Hope Consolo has joined Julien J. Studley brokers based here and in Washington DC. to speed up the process of retenanting the retail space at 590 Madison Ave., the former IBM Building currently owned by Edward J. Minskoff.
HOUSTON-With 1.3 million sf for all of 2001 being absorbed, the first quarter's 1.2 million sf is phenomenal. The hope is four million sf to five million sf will be absorbed before the year closes, says a Cushman & Wakefield of Texas broker.
MIAMI-New principals at Coral Gables, FL-based Abood Wood-Fay Real Estate Group are Michael T. Fay, president; Donna Abood, CEO; and Thomas D. Wood, chief operating officer.