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ST. PAUL, MN-The Vikings say they need lawmakers to approve a financing framework for their plan to build a $440-million domed facility that would include the University of Minnesota Gophers football team as a tenant.
LAKE FOREST, CA-Completed in July 1999, the project consists of six two-story office facilities that encompass a total of 167,585 sf. Tenants here include Orange County Register, V-systems (Esker Inc.), Valor Computerized Systems and Computer Education Institute. The complex was 78% leased at the time of sale.
AUSTIN-Negotiations are under way with three retailers that would close off inline space availability in the 115,000-sf first phase of the Duhrman & Bassett project. This week, Panda Express will open as a prelude to six other starts.
ST. PAUL, MN-A plan would require a $165-million upfront "gift" from the team, which is resisting that contribution in the courts and lobbying in the legislature, proposing instead a zero-coupon financing scheme that would cost half as much.
CHICAGO-Reluctance of owners to give up cash cows or insist on repositioning their tired retail properties are among the hurdles city officials and planners have when it comes to creating mixed-use developments in old regional and even community shopping centers.
LONDON-Pharmaceuticals company Wellcome Trust has submitted an outline planning application to South Cambridgeshire District Council to build a 290,000-sf extension at its Wellcome Trust Genome Campus--where the human genome was first mapped--at Hinxton, Cambridgeshire.
SHARON, MA-A state senator proposes seizing a 347-acre parcel that its owner wanted to develop into senior housing and a golf course. The environmental bond bill recently passed by the state Senate and headed to the House would be the source of the funding of the acquisition.
PASCO, WA-WestCoast Hospitality Corp. reflags the Doubletree Hotel Pasco as one of its own. WestCoast acquired the property in December 2001, in a deal that included two Doubletrees and the entire Red Lion Hotels & Inns brand.
ALISO VIEJO, CA-Framing has begun on the second phase of this $70-million multifamily project, which is scheduled for completion in early 2003. At build-out, Phase II will consist 367 units in four buildings plus a five-level parking structure.
SAN DIEGO-The San Diego chapter of BOMA has announced a series of four audio conferences to cover critical aspects of preparedness and security planning in the wake of Sept. 11.