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OCEANSIDE, CA-Duke Energy is reportedly considering San Luis Rey Wastewater Treatment Plant as a site for a new power plant. The company wants to replace its South Bay Power Plant in Chula Vista.
CANNES-Ernst & Young's survey of corporate real estate executives found a new caution since 11 September, with security issues growing in importance.
CANNES-London remains the world's most expensive city for office space, says a new survey by Healey & Baker. Tokyo is in second place and Paris moves up to third
ST. PAUL, MN-A $500,000 grant from the McKnight Foundation allows for a build-out. The National Park Service will pay the Mississippi River National Center $50,000 a year in rent.
RALEIGH, NC-Credit Suisse First Boston is analyzing offers for the locally based REIT that owns or joint ventures 38 shopping centers totaling 5.2 million sf in seven states. Prometheus owns 67% of Konover through a 1999 stock deal valued at the time at $200 million.
DENVER-Once again, Denver's office rates are bargain basement compared to the rest of the world, as Grubb & Ellis and Knight Frank find only seven cities with lower space costs.
MIDLAND, TX-Deloitte & Touche lands an outsourcing contract for accounting and information technology for about 3.7 million sf of Midland Red Oak Realty's portfolio. The portfolio is 77% retail and 23% office.
CHICAGO-Bruce W. Duncan, formerly chairman, chief executive officer and president of Toronto-based Cadillac Fairview Corp. as well as the top jobs at Chicago-based JMB Institutional Realty Corp., begins taking the reins from Douglas Crocker next month.
CLEARWATER, FL-An affiliate of Internacional Realty Inc. paid the Atlanta developer $70,175 per unit for the 11-year-old, 228-unit Post Court complex. Estimated replacement cost is at least $90 per sf, construction industry sources tell GlobeSt.com.