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SACRAMENTO, CA-Commission staff is recommending the proposed subdivision of 3.25 acres into three parcels for the purpose of constructing an 8,000 sf building on 1.07 acres, a 14,000 sf building on 1.1 acres, and a 12,000 sf building on 1.09 acres in the city's Light Industrial Review zone.
CLEAR LAKE, TX-The Onyx One Building in the NASA/Clear Lake submarket lands a MetLife Financial Services' trio for 1,346 sf of class A office space. The 64,435-sf structure is now 92% occupied.
PHOENIX-Checkmate Employer Services and Kiva Plastics head into office and office-flex space in Phoenix while Trinity Medical Group taps a Scottsdale property for a new clinic location. The trio is bundled by NAI Horizon.
DANBURY, CT-Urstadt Biddle Properties, Inc., reports it has completed the purchase of Airport Plaza Shopping Center here for about $7 million. The property sits across the street from the company's Danbury Square Shopping Center property.
PINE BROOK, NJ-The warehouse/distribution building, located in Morris County is available for a term expending through August 2008. The Garibaldi Group has the assignment.
JACKSON, MS-Hayden C. Eaves III, managing director, Investment Development Services Inc., Los Angeles replaces John N. Palmer who resigned recently to become U.S. Ambassador to Portugal.
NEW YORK CITY-Looking ahead to increased RevPAR and cash flow, the hotel REIT hopes to resume dividend payments by third quarter 2002. The company did not pay dividends in the fourth quarter of 2001.
WORCESTER, MA-The city's effort to redevelop Washington Square, a 25-acre parcel located in the heart of this city's downtown area, hits a snag as members of the city council want to consider other options for the roadway within the project.
AUSTIN-As Dell Computer Corp. looks for sublease tenants, it pushes ahead on a data center buy in Austin's northeast submarket. The space, GlobeSt.com is told, will be used to house the computers that drive Dell's business.
ORLANDO-Larry White, president/CEO of the 20-year-old, locally based leisure shelter and condominium developer plans to break ground on three condo projects in the second and third quarters that should generate $100 million in presales by Dec. 31. The projects are scheduled for completion in second half 2003.