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WHITE PLAINS, NY-Morgan Stanley is in final negotiations to acquire the Chevron/Texaco headquarters property in nearby Harrison. The plan then is to turn title over to the Westchester Industrial Development Agency and walk away from the table with a straight lease, saving some $8.4 million in sales taxes.
DENVER-The growth plan devised by the city's public works department and community planning and development agency divides the city into "areas of stability" and "areas of change.
ROWLAND HEIGHTS, CA-Lazben Investments has secured $5.5 million in financing for Hong Kong Plaza, a 120,000-sf retail center. The money will retire existing loans, among other things.
DENVER-Discovery Place Investments' 27-unit condominium project with retail space takes its name from its location in the shadow of Coors Field, on the site of a former Breckenridge Brewery warehouse.
MIAMI-The economy, roommate-doubling up and low home interest rates are affecting tenant growth in Miami-Dade, Broward and Palm Beach Counties, according to a new analysis by M/PF Research Inc. of Carrollton, TX. Miami was hit hardest. Palm Beach was the strongest.
MIAMI-The Abercrombie & Kent Registry is a product of Global Registry LLC, a subsidiary of New York-based Cendant Corp. Global Registry president Milton Pedraza will be presenting the new concept to owners of high-end residential properties over the next several months.
LONDON-Global Call centre operator ICT Inc has taken over 26,000 sf in Beaufort House, Uxbridge, North-West London in the second substantial office letting in the suburban office centre in recent months.
ORLANDO-Supply is outpacing demand with 10,382 new units surfacing at year end 2001 and only 5,850 units rented, according to a new analysis by M/PF Research Inc. of Carrollton, TX. There are 6,974 new units still under construction. The area has about 139,368 apartments.
TACOMA, WA-The Puyallup Tribe plans to construct the state's largest casino on land it owns off of Interstate 5. The $200-million project will include a 250-room hotel, retail shops, restaurants and a lake.
PORTLAND-Central Bethany Development broke ground this week on an 82,368-sf mixed-use project in Bethany Village, a 130-acre planned urban community situated two miles north of Highway 26 near the Multnomah County line.