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HOUSTON-Crescent names a new senior property manager for more than one million sf at the Three and Four Westlake towers in the Energy Corridor. C&W in Houston taps its Austin operation 's valuation services group for a new team player.
NEW YORK CITY-The athletic apparel and equipment chain signs a 15-year lease at Boston Properties' 1.1 million-sf Ernst & Young headquarters building. The two-level store is scheduled to open this fall.
MATTAPAN, MA-This neighborhood a few miles from the city could be home to a 340-unit affordable housing project in the near future as the city's Greater Boston Interfaith Organization and Nehemiah Housing explore various city-owned parcels here as potential sites for the project.
MIAMI-Revenue rose 13% to $1.2 billion from $1.1 billion in the same period last year. Net earnings of $1.03 per share diluted compared to 75 cents diluted or $51.3 million in first quarter 2001. The financial services division was a surprise winner for the company.
BINGHAM FARMS, MI-Kmart's downfall and a broken land development deal help lead to a move to sell off assets. Layoffs won't happen until properties are sold, company officials say.
SAN DIEGO- A locally-based title company has received state approval to complete the acquisition of title and escrow operations in Santa Clara, San Mateo and Sacramento from BridgeSpan Title Co. The deal is expected to close by April 1.
CAMBRIDGE, MA- Akamai Technologies, Inc. terminates its lease for 234,000-sf of office space here, in an effort to take advantage of the current lower lease rates. The Internet company estimates that it will save as much as $8 million to $10 million a year by relocating.
HOUSTON-A nine-to-one vote by Compaq shareholders advances the merger plan with Hewlett-Packard. GlobeSt.com has learned HP intends to house engineering and product development on Compaq's 1,000-acre campus in Houston.
TEMPLE, TX-Economic development leaders say the plan at hand is to craft a biotech park from 505 acres and a 498,000-sf industrial/office building that once housed a manufacturing operation for computer printers.