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BOSTON-While the new owners of the Boston Red Sox have stated that they want to renovate Fenway Park rather than build a new ballpark on another site, local activists who support the plan are concerned that local pressure might affect the outcome of that decision.
NEW YORK CITY-The former mayor pulled a behind-the-scenes Hollywood shuffle during his last week in office, quietly green-lighting a Staten Island movie-studio plan helmed by ex-mayoral crony Danny Aiello and a $40-million handout that could finally get cameras rolling at the Brooklyn Navy Yard.
SAN DIEGO-Wateridge Summit project in the Sorrento Mesa area has a new tenant--a biotech company taking 31,207 sf of R&D space. The lease deal, valued at $11 million, is to run for 114 months.
NEW YORK CITY-The former mayor pulled a behind-the-scenes Hollywood shuffle during his last week in office, quietly green-lighting a Staten Island movie-studio plan helmed by ex-mayoral crony Danny Aiello and a $40-million handout that could finally get cameras rolling at the Brooklyn Navy Yard.
PHOENIX-Local retailers are the driving force behind metro Phoenix's strong 2001 close and 2002 outlook, says an exec for CB Richard Ellis. Some 70% of big box space vacated by national retailers was absorbed in Q4 2001.
OAKLAND, CA-GMS Realty has purchased the 70,000-sf neighborhood shopping center from a local investment group. The center is anchored by Pak 'n' Save and includes McDonald's and Midas Muffler.
LONDON- British Land and Madison Land have leased the 129,000-sf second phase of their Heathrow Gateway development at Feltham, close to Heathrow airport in West London.
LAGUNA BEACH, CA-Tide Lands Inc. acquires the shopping center, known as The Collection at Laguna. The 17,664-sf property was 100% occupied at the time of sale.
PORTLAND-Downtown office vacancies continued to rise in the fourth quarter, according to the latest report from CB Richad Ellis. Class A properties have shown the largest increase in vacancy rate since the end of 2000, according to the report.
LONDON-The number of new lettings has fallen for the third consecutive quarter and landlords are increasingly turning to incentives like rent free periods and fit-out contributions to stimulate deals, according to a new survey from the Royal Institution of Chartered Surveyors.