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PALM BEACH GARDENS, FL-The company that calls itself the world's largest developer of prisons will guard the Consumers Energy's Palisades power facility in Covert, MI from March 25 of this year through October 2006.
SEATTLE, WA-The extinction of dinosaurs, scientists pronounce, was wrought by natural calamity. For the condominium market, those in development assert its demise is taking the form of exponentially-escalating insurance costs and greed-driven lawsuits. Lawyers counter that poor construction is to blame.
DETROIT-The company that has designed such projects as the new Midfield Terminal and Ford Field has won a job at Michigan Technological University in Houghton, MI as well as Washington, DC and San Francisco.
ELMSFORD, NY-Mack-Cali Realty Corp. reports that it has secured 151,000 sf in leases in the fourth quarter including deals with firms such as Ameriquest Mortgage, Pitney Bowes and Thomson-Leeds at its properties in Westchester and Connecticut.
LONDON-The problems facing the central London office market are highlighted by the interim results from specialist central London investor Benchmark. The group estimates prime rents have fallen 10% and they are unlikely to recover until 2003.
FOREST LAKE, MN-The new store at 2013 Broadway Ave. taps a new market on the northern ring of the Twin Cities. Eden Prairie, MN-based Cub Foods has with 40 stores in the Twin Cities area.
LOS ANGELES-Barton, Klugman & Oetting signs on for another 10 years in Wells Fargo Center. The law firm occupied 15,000 sf on the north tower's 37th floor.
PHOENIX-A 26-acre tract in Nogales, AZ is the site for a high-ticket Wal-Mart. The retail giant's site requires extra work that's boosted the bottom-line development cost. Summit Builders of Phoenix holds the construction contract.
BINGHAM FARMS, MI-Malan Realty Investors Inc. also is keeping an eye on the Kmart bankruptcy even though the retailer has affirmed one lease and is current in its obligations.
SEATTLE, WA- Rodney S. Kauffman, executive VP of Building Owners and Managers Association in Seattle, says that aside from emergency preparedness the three hottest topics among Puget Sound building owners and managers are transportation, regulatory issues and utility rates.