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CRANBURY, NJ-Utica National Insurance and St. Paul Fire and Marine Insurance will move into the same building at Windsor Corporate Park as both companies expand from nearby locations.
HOUSTON-Koswood Development adds another component to its repositioning plan for a 180,000-sf office tower in the Galleria submarket. PM Realty is the new property manager at a building being pre-leased by Grubb & Ellis.
ARLINGTON, VA-Park Place--the 167,00 sf building on Fort Myer Drive in the Rosslyn area--is snapped up by a joint venture between LMH Realty Group an affiliate of Chicago's Walton Street Capital. The 19-year-old building has an assessed value of $25.1 million
DENVER-An $8.5-million certificate of participation issued by the city and county of Denver will be repaid with zoo admission fees. Also, financing came from $7.5 million from the zoo's improvement bond fund as well as $1.5 million from Denver's neighborhood improvement bond fund.
BOSTON-Modern Continental Enterprises removes Trammell Crow Co. from its position as exclusive leasing agent for Independence Wharf, the 335,000-sf office building located on Atlantic Avenue in the financial district, and gives the contract to Cushman & Wakefield.
WARREN, MI- Sennett Steel finds attractive lease rates in a build-to-suit deal on Detroit Arsenal Tank Plant property. The manufacturer will lease from Carpenters' Pension Trust Fund, Detroit and Vicinity.
PORTLAND-The locally based timber firm, in the process of being acquired for $6.2 billion by an out-of-state competitor, leases eight floors in Portland's tallest office building. How much of that space the combined entity will need is still being figured out.
VISTA, CA-Owners of the city's more than 20,000 properties are going to the polls to decide whether to tax themselves -- or face big cuts in city services.
SAN MARCOS, CA-A lawsuit may be filed if the city moves forward with an ordinance requiring developers to turn over all new utility lines to San Marcos. The ordinance, if adopted, could launch the city into the municipal utility business.
LOS ANGELES-The 2002 edition of the annual Kosmont Cost of Doing Business Survey finds stability in taxes, fees and other costs levied on business by municipal governments. The real change is at the state level, where development remains uncertain.