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ORLANDO-New passenger projections show the 2001 count slipped to 28 million from 30 million in 2000 and won't reach a previously predicted high of 38 million in 2005 until 2008 under the best conditions. A $30 million overhaul of the elevators at the 21-year-old terminal, however, is still scheduled to start in October.
NEW YORK CITY-A series of new leases at the Seagram Building total 53,000 sf located. RFR Realty is leasing and managing agent for RFR Holding's 38-story, 630,320-sf building at 375 Park Ave.
FLOWER MOUND, TX-A $7.3-million Home Depot leads the construction for the 1,500-acre Lakeside Business District while a 300,000-sf retail project is unfolding across town. The coming out party has been in the works for nearly eight years.
HOUSTON-This month, Hines starts the renovation of its second project in Milan, a four-building, 264,000-sf former post office. The project, carrying a year-end 2003 finish, is attracting interest from a number of prospective tenants.
HOUSTON-JKL Land is fine-tuning plans for an office-warehouse project at the crossroads of West 43rd Street and Hempstead Highway. The 3.78 acres had been on the market for about six months at an asking price of more than $400,000.
DALLAS-Two executive headhunters say brokerage houses are putting up far more than money to lure the best from the rest. Big ticket signings are few and far between. Most are dangling corporate culture as the first-class ticket to successful wheeling and dealing.
ASHBURN, VA-The office/flex development Merritt@Ashbrook, a 24-acre project off Route 7, makes progress as building of the three-structure Phase I comes to completion and new construction on Phase II begins.
NEWPORT BEACH, CA-The Newport Beach-based company is awarded the construction contract for a 240,000-sf expansion project at Providence Saint Joseph Medical Center in Burbank. The addition will consist of a seven-story tower that will add 153 new beds to the hospital.
WARREN, NJ-Federal Insurance Co., a subsidiary of Chubb, has signed for the space at the 120,000-sf 20 Independence Blvd. in a transaction arranged by Insignia/ESG.
BOSTON-The Boston Housing Authority signs a Voluntary Compliance Agreement to make 700 affordable housing units available to disabled residents. The agreement comes in the wake of a review by the federal government's Housing and Urban Development.