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ROCKVILLE, MD-Kaiser Permanente subleases 46,300 sf for a new medical center in the building at 1396 Piccard Dr. The structure is still under lease by MedStar, which once used the facility as a Georgetown Medical Center practice location.
WASHINGTON, DC-The Mortgage Bankers Association weighed the relative value of multifamily versus single-family development to national prosperity at its annual National Housing Summit yesterday. Among a largely multifamily-oriented panel, a national single-family housing initiative lost the debate.
OCEOLA TOWNSHIP, MI-The $9.8-million infrastructure improvement will be paid for through assessments to the developers. Besides residential units, the projects include 225,000 sf of retail and office space. More projects are likely to follow.
NOVI, MI-Physical therapy provider Cassell & Associates, Inc. signs a 10-year lease for space in Grand Plaza Commons II, a wooded office area. The company moves from Farmington Hills, MI.
HILLSBORO, OR-The proposals presented to the city's selection committee last week range in cost from $30.7 million to $36.4 million. Specht Development's proposal was the most expensive and the only one that came with a price guarantee.
NEW YORK CITY-Sources involved in the deal claim it marks the first major new Downtown tenancy since Sept. 11. Engineering firm JV DMJM Harris/Arup signs a 12-year agreement for three floors at the 70-year-old office tower.
ROUND ROCK, TX-Job cuts and downsizing of key corporate residents in the past year haven't pushed Round Rock off the radar screen of others seeking to expand or relocate. The Central Texas city has roped 300 jobs and filled 100,000 sf plus in recent months.
HOUSTON-Warehouse Associates launches its third distribution project with a soon-to-be-leased 218,700-sf structure in the Fannin/610 Business Park. Ozarka has signed for 93,000 sf and contracts for the balance are awaiting signatures.