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FORT WORTH-Thanks to deregulation, Dynegy Inc. walks away with a one-year contract to provide electricity to Crescent Real Estate Equities' full portfolio in Dallas and Houston. The contract is just six million sf shy of that company's entire asset pool.
MIAMI-Harry Tangalakis, senior vice president/industrial, was recognized for closing 500 lease transactions in his 20 years with the brokerage. Paco Diaz Sr., vice president/retail handled 300 retail leases and sales in 14 years with CBRE. Dave Donnellan, first vice president, has participated in $320 million worth of retail deals in the past 10 years.
SAN DIEGO-A limited-liability partnership has sold a small shopping center in the Clairemont neighborhood to a group of investors in a deal valued at $11 million.
ORLANDO-The 22-year-old Texas seafood group continues to knock on Planet's door even though the locally based, celebrity themed restaurant chain has vacated about 200,000 sf of retail in six markets over the past 90 days. Planet has until April 5 to file a reorganization plan with the U.S. Bankruptcy Court in Orlando.
SANTA ANA, CA-Plans call for the construction of two new buildings that will add 67,156 sf to the high school campus. Completion is slated for summer 2002.
SAN ANTONIO-Trinity Universal Insurance Co. takes a bite out of San Antonio's office market, signing a new lease for nearly 10,000 sf here. Cushman & Wakefield represented Trinity in the transaction.
MIAMI-Washington Park Townhouse Apartments LLC paid Cary and Julie Shaw $59,375 per unit for the 100%-leased, 24-unit Washington Park Apartments, 1600-1656 NE 151 St., Miami.
ORLANDO-The Central Florida Commercial Real Estate Society recognized the senior marketing manager in the Orlando office of Advantis Real Estate Services Co. for closing on 260,000 sf of leasing deals in 2001.
CHARLOTTE-Flex product (office and warehouse combination) is suffering the most at a 22.9% vacancy level, followed by warehouse/distribution, 7.5% and manufacturing, 4.8%, according to a new study of the area's 110.7 million-sf inventory by CB Richard Ellis Inc.
BOSTON-The Boston Redevelopment Authority chooses five finalists for the Hayward Place parcel. Redevelopment of the 37,380-sf space is part of city Mayor Thomas M. Menino's effort to revitalize this part of the city.