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MISSION VIEJO, CA-Olympic Gymnastics acquires a 12,512-sf facility is located in the Saddleback Technology Park., where it plans to open a new location.
HOUSTON-Tietronix Software is relocating its corporate headquarters to a larger spot in the NASA/Clear Lake area while Damon Disposal, a startup, is taking a three-building industrial complex for five years.
BOSTON-A number of local institutions decide to design their new projects in environmentally friendly ways. Among those jumping on the "green" bandwagon are Massachusetts Institute of Technology, The Genetics Institute, TKT and even the newly constructed New England Patriots stadium in Foxborough.
BEAVERTON, OR-With everybody's attorneys satisfied, the City of Beaverton closes on the sale of the long-stalled office, retail and residential project that stands half-built and rust-colored around a Downtown light rail station. Work is expected to resume soon.
SAN FRANCISCO-Esprit de Corp, a clothing company, has entered an agreement to sell its San Francisco headquarters to a new private school that will renovate the property to suit its needs.
AUSTIN-The Village on Guadalupe is a go and should, if all goes as planned, be ready to occupy in late 2003. To get the OK, the developer had to downsize the project and redesign the parking. Still, the zoning change barely passed.
DALLAS-The commercial and residential database for 16,000 square miles goes from the suburbs into town in a shared site at the Infomart. The organization is the second operation in a week to complete segregation of data centers from main operational hubs.
BETHESDA, MD-Marriott International, Inc. and its real estate subsidiary Host Marriott Corp. make moves to limit their mutual operations with the end of dual board member service by two of its co-chairs, the brothers Marriott.
ORLANDO-NL Ventures III, a private equity fund sponsored by AIC Ventures, paid the electronics/microwave manufacturer $5.5 million or $44.39 per sf for TRAK's 33-year-old, 123,897-sf office/plant structure, then leased the property back to TRAK for 15 years at an estimated aggregate rent of $9.3 million.
ORLANDO-Vince La Mariana, former senior marketing officer/general manager of Mulialand in Jakarta, teams with Paula Buffa to handle three Westshore office properties.