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NEW YORK CITY-Steven A. Swerdlow, a 12-year CBRE veteran, is promoted from Eastern Division head. His new position includes responsibility for all business units within the Corporate Services Group worldwide.
GREENWICH, CT-Hines reports it has initiated a $5 million renovation program at its 55 Railroad Ave., office property here that will allow the owner to eventually command higher rents, which currently average about $60 per sf. in the area.
DALLAS-Hines hires Dallas' Holliday Fenoglio Fowler to go to market on the 1.8-million sf Galleria proper, 112,000-sf Galleria North and 431-room Westin. All told, nearly 50 acres of prime land and trophy product are up for grabs.
FLOWER MOUND, TX-Developers score another coup for their 163-acre Lakeside DFW, the state's largest Verizon SmartPark. Hines is on board to develop the conference center hotel. No ground-breaking this year, GlobeSt.com is told.
WHITE PLAINS-Westchester County officials say that a total of 30 development firms have expressed interest thus far in building a biomedical research complex in Valhalla that could total as much as one million sf of space.
DALLAS-UT Southwestern is getting the largest research facility to be built on a Texas campus. The 856,000-sf, two-building project is carrying financial blessings from the federal government on down to private donations.
ORLANDO-Rola-Trac North America of Norfolk, England is taking the space at Sanford Industrial Park, 1140 Albright Road, for five years at an aggregate rent of $222,984 ($3.72 per sf). Rola-Trac provided one million sf of temporary, synthetic-built roadways for the British Army fighting rebels in the mountain regions of Kosovo in 1999.
HOUSTON-This month, Hines starts the renovation of its second project in Milan, a four-building, 264,000-sf former post office. The project, carrying a year-end 2003 finish, is attracting interest from a number of prospective tenants.
SEATTLE-Morning Eagle, a new village by Houston-based Hines Interests LP that will more than triple the bed base in this ski resort community, is being designed by Seattle-based Callison Architecture.
HOUSTON-Hines Interests polishes off plans for its fourth Brazilian project. Torre Almirante, a 36-story design, will rise in the Rio de Janeiro downtown. The renowned architect, Robert A.M. Stern, is masterminding the office tower's look.