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PONTIAC, MI-Most city officials have signed off on projects such as removing the Woodward loop, selling city parcels and opening a covered riverbed. Developers will be solicited for certain key parcels.
ORLANDO-The 17,000-sf property housing 64,000 collectors' items at the Mercado retail/entertainment complex on International Drive will be a mini version of the Rock and Roll Hall of Fame and Museum in Cleveland, Hard Rock officials say.
HOUSTON-TradeSpark moves into 18,748 sf at 1301 Fannin, a class A CBD property that's now 90% occupied. The tenant is an energy brokerage consortium with Cantor Fitzgerald as a lead player. In light of 9/11, it was decided to expand locally.
ANN ARBOR, MI-According to the Detroit Regional Economic Partnership, MSX International has opened its new headquarters in Southfield, and Pfizer has purchased land in Ann Arbor for future laboratory facilities.
SEATTLE, WA-Suffering along with the other sectors of Puget Sound real estate, the industrial market measured increases in vacancies during the first quarter--an overall jump of more than 20%, according to the latest first quarter report.
LONDON-Law firm Clifford Chance has exercised an option to take an additional 215,000 sf in the HQ5 building at Canary Wharf, meaning that it will now occupy the whole of the one million-sf building.
BOSTON- A study of 54 markets nationwide conducted by Portfolio and Property Research, a locally based real estate research group, indicates that the vacancy rates in most sectors of the commercial real estate market should peak by the end of this year.
NEPTUNE, NJ-A 148,000-sf Wal-Mart would anchor the complex, which National Realty & Development is currently shepherding through the approval process.
AUSTIN-Blue Fish Development takes extra office space in the historic Hannig Row building. Built in 1905, the converted Hannig Row offers 42,000 sf in upper-floor offices and street-level retail. The lease totals 12,464 sf.
ORLANDO-Chicago-based LaSalle Bank will be the lead bidder, hoping to acquire the 20-year, 919-room property whose owners owe the bank $29.5 million. Pritzker Properties of Chicago manages the hotel on a 20-year contract.