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MINNEAPOLIS-The buildings are design to protect companies against power failure, extreme weather and other catastrophic circumstances. Minneapolis-based design firm Ellerbe Becket and Oakdale, MN-based information management company Imation Corp. form an alliance.
DENVER-Unless a solution to the aquarium's $63-million debt load can be found, Colorado's Ocean Journey will close its doors Tuesday. The single-purpose building, considered an engineering marvel, may be razed and the land sold for development.
CONCORD, CA-Spending $28 million in cash and taking on $66 million in debt, Taubman Centers has purchased General Electric Pension Trust's 50% general partnership interest in Sunvalley, a 1.3 million-sf shopping mall in Concord.
DENVER-The $4-billion mixed-use, infill redevelopment project at the former Stapleton International Airport is one of 50 nominees considered by the Stockholm Partnerhips' "Sustainable Cities" Award.
DALLAS-Import Stone of Van Nuys, CA zeroes in on ProLogis Trust's Dallas Corporate Center for its seventh US location. The five-year lease takes the 1.3-million sf building to 100% occupancy and caps a one-year site search.
ORLANDO-The former senior vice president of Clearwater, FL-based Sembler Co is opening a new commercial/residential corridor with Suncoast Crossings, a planned 700-acre venture that will have 1.2 million-sf office and 500,000 sf of retail, restaurants, hotel and single-family/multifamily homes.
FORT WORTH-The goal is to lower debt, including $213.5 million that comes due this year, plus redeem part of the outstanding $220 million in partnership units held by GMAC. The prospectus is almost done for the team to go out to market.
HOUSTON-Internet Access Technologies signs for the largest block of space of four freshly closed deals. The firm is taking 30,475 sf at Bondeson Business Park, a Vantage Development property in North Houston.
PHOENIX-Kevin Schuck assumes a director's post at Cushman & Wakefield of Arizona after vacating his VP status with Koll Development's Scottsdale office. Perini selects an 18-year employee as VP of business development.
SANTA ANA, CA-A manufacturer of lubrication and filtration solutions acquires the 15,212-sf building. It plans to use the property as a manufacturing facility.