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LOS ANGELES-The local office of Interior Architects, one of the largest interior design firms in the world, signs a 10-year lease at the same site but on a different floor. The transaction is valued in excess of $3 million.
PORT READING, NJ-The proposal for the vacant waterfront site, which would need extensive remediation and a raft of approvals, has drawn decidedly mixed reviews as it enters the hearing stage.
DALLAS-The 2001 deals by Jack Fraker, Mike Wyatt and Randy Baird earn local and national recognition from Cushman & Wakefield. All three executives are repeat winners in the annual honors line-up by corporate.
PHOENIX-Net absorption was positive in the first quarter of the year, due particularly to new large leases signed by the likes of Target and Ford. But new construction and sublease space still on the market have caused the vacancy rate to rise.
ORLANDO-Golden Fleece Groves Inc., Land of Growth Investment Corp. and Realtor/developer Charles Hwang envision the 283-acre, estimated $1 billion venture south of Leesburg, FL would have 130 acres of office; 13 acres of commercial; and 71 acres of single-family housing, restaurants and a hotel.
AUSTIN-Edgar Kelly Rugs is transitioning from the Village at Westlake to West End Center, a popular spot for high-end retailers. The move nearly doubles the retail space for the specialty rug dealer, which is eyeing a July opening.
DAVIS, CA-Concert-goers will soon be able to enjoy the city's latest addition to the performing arts. The Robert and Magrit Mondavi Center for the Performing Arts, a $53 million project, is expected to be ready this fall.
LIVERMORE, CA-Construction begins on a new facility that will assist Lawrence Livermore National Laboratory researchers in conducting analyses of national security threats from the increase in weapons of mass destruction.
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.
AUSTIN-United Dominion is the new owner of the 250-unit Barton Creek Landing, a 16-year-old complex that has wrought $69,600 per unit for seller, RREEF. The 84%-occupied holding has an 8.8% cap rate.