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AUSTIN-Four more Laptop Lane airport-located business centers fall to Austin's Wayport. This time, the buy is at the Cincinnati/Northern Kentucky International Airport. Last year, Wayport took control of nine centers at metro airports.
EDISON, NJ-The new and renewed leases, spotted at several locations around Central New Jersey, involve a combination of warehouse/distribution, mixed-use and flex space.
BLOOMFIELD HILLS, MI-Funds from operations for the retail REIT increase 7.5% for year and 5.1% for the quarter. The Mall at Millenia in Orlando will open later this year while ground will be broken for Stony Point Fashion Park in Richmond, VA.
PHILADELPHIA,PA-The specialty biopharmaceutical firm Novavax Inc. leases 20,000 sf to house manufacturing facilities for its new Estrasorb product, an estrogen replacement lotion. Burns Mechanical Inc. will spearhead design and layout for the project.
CHICAGO-While REITs focus on portfolio management this year, the industry should still produce double-digit total returns, according to a report from LaSalle Investment Management, Inc. The 6.5% dividend yield comes from a historic-low payout of 65%, the firm notes.
AUSTIN-As many as 10 new stores could roll out in the second half of the year under the Whole Foods branding. The Austin-based natural foods grocery chain has bagged a good first-quarter showing for stockholders.
NEW YORK CITY-Carl Weisbrod yesterday outlined a Lower Manhattan revitalization plan that focuses on rethinking road configurations and providing corporate incentives as key issues to ensuring the area's cultural and economic prominence.
DALLAS-Joe Gillespie Jr. exits FowlerShore & Flanagan to become acquisitions director for Concierge Asset Management. The Dallas-based buyer will work with a capital pool with practically "no constraints" for speedy buys in down Sunbelt markets.
SAN FRANCISCO-The locally based commercial real estate listing service implemented its main revenue generator in the third quarter of 2001, the "Premium Membership," and by year-end had 8,500 subscribers paying $39.95 per month. Company CEO Richard Boyle predicts profitability in the second half of 2002.
HOUSTON-The Greater Harris County 911 adds 5,108 sf while American Construction Investigations signs for an extra 1,140 sf at an 85,911-sf office building in Houston's Inner Loop. Occupancy now stands at 97%.