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IRVINE, CA-The company, which specializes in yachting and fishing gear, snatches up a 20,747-sf building in Irvine. It has already moved into the new space, which it is using for light manufacturing and distribution.
CHICAGO-With AES New Energy now calling the office tower its Midwest headquarters, occupancy stays above 95% at the 372,000-sf building TrizecHahn Corp. bought last year for $76 million. Direct vacancy opens the year at 11.8% in the West Loop submarket.
FREDERICK, MD-Giant Eagle grocery store moves into the 52,000-sf space at the Frederick Shopping Center that formerly housed County Market. The retail plaza remains leased to full capacity.
ST. PAUL, MN-Twins officials like a lack of strings attached to Gov. Jesse Ventura's stadium financing proposal, but they still will need support from a host city to impose a sales tax at bars and restaurants.
BREA, CA-The $35-million Voit Brea Business Park is rising on a 30-acre parcel located north of Lambert Road off Berry Street. Slated for completion by February 2003, four of the project's 16 planned facilities are already in escrow.
ORLANDO-Lakemont Heights property owners are lobbying Orange County commissioners to bar the cable company from growing its 300-foot high equipment and 5,000-sf building on an 11-acre tract in one of the oldest residential neighborhoods in Orlando.
DANVILLE, CA-Danville, one of the most expensive Bay Area real estate markets, held a groundbreaking ceremony this week for the first affordable housing development in the town's history.
PHOENIX-Roughly 1.5 million sf of office product was absorbed in 2001 to keep the metro market moving, but just at a considerably slower pace. The reasons are the same as elsewhere in the nation as brokers scramble for business until the economy turns around.