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BASKING RIDGE, NJ-The mercurial pharmaceutical company, which currently occupies three facilities nearby, is said to have made an offer for the 2.6 million-sf campus here.
DALLAS-The Morse Co. is accorded the William C. Jennings Award from the Texas Association of Realtors for a lease enabling Flextronics International to expand and consolidate in North Texas. WorkPlaceUSA wins again for its Mount Vernon project.
PORTLAND-In addition to acknowledging the year's top deals and developments, Bruce Mosler, head of Cushman & Wakefield's U.S. operations, will speak on New York City since Sept. 11, the current state of the national and local markets and C&W since its merger with Cushman Realty.
LONDON-Purchases from the Dutch investors Rodamco and Wereldehave have bought Hammerson major shopping malls in Leicester and Paris. In Leicester, Hammerson has formed a joint venture with fund manager Hermes to buy the 515,000-sf Shires centre and in Paris it has extended its holdings in the 900,000-sf Parinor scheme.
SAN DIEGO-Lankford & Associates hopes to break ground later this year on the Broadway 655 project, a 26-story, 475,000-sf office high-rise Downtown.
SCOTTSDALE, AZ-Starpointe Communities is undertaking an apartment complex conversion into "for sale" condos. The 274-unit Scottsdale Courtyard secures the financing package arranged by Phoenix-based Capital Advisory Group.
NEWPORT BEACH, CA-Two institutional investors acquire the stocks. The transactions result in net proceeds of approximately $34.6 million for the Newport Beach-based REIT.
DALLAS-Trammell Crow is returning two retail components in the Southeastern US to Faison Enterprises, taking a one-time $20.5-million hit from its 1998 Faison acquisition. Other changes and reorganization charges push 2001 non-recurring fees to $46.8 million.
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.
ANN ARBOR, MI-The company adds three-story office addition, high-bay testing lab, loading dock and two-story entry plaza, totaling more than 88,000 sf. The new space spans over a heavily wooded intermittent stream tributary and wetlands area.