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FRAMINGHAM, MA-National Development wants to build one of the town's largest multifamily developments here. The size of the project has convinced the town to ask the developer to conduct a comprehensive traffic study on the impact of the project.
DENVER-Rental rates have dropped by 25% to 40% and up to 12 months of free rent on a five-year lease are not uncommon in the lease deals that are being signed in the northwest corridor along US 36.
SAN ANTONIO-A Transwestern team sizes up the market as it looks for a tenant who'd like its name on the Tesoro building, one of two in the 234,342-sf Petroleum Towers complex. The north central leasing pact also entails North Star Plaza.
SAN JOSE, CA-The 201,000-sf Pavona Apartment complex, developed by FM Apartments and Fairfield Residential in 2000, is located on 6.1 acres near the Golden Triangle Business Center.
PONTIAC, MI-Oakland County Executive L. Brooks Patterson outlines new developments and expansion plans for county, saying he believes more business aids the economy of an area that has a tax base larger than 10 states.
SAN DIEGO-A visual arts production company has purchased a 46,639 sf, one-story research and development building on 2.73 acres in the hot Eastgate Mall office and retail area for $3.2 million.
ATLANTA-The two identical structures in Salters, SC and Bennettsville, SC will each contain an estimated one million sf among 21 buildings and house 1,152 medium security inmates and about 300 minimum security prisoners.
PHOENIX-A fully occupied office building, filled mostly with government-related tenants, changes hands. Seller Presson Corp. is looking to add larger product in its portfolio, a factor that could have sparked the Wellington Court sale.
HOUSTON-Uretek USA closes a sale to Royal Reporting for an office building at 9422 Hammerly in the near northwest submarket. The property was on the market for four months at an asking price of $695,000.