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WAYLAND, MA-ABS Capital Partners, a Baltimore-based private equity firm focusing on technology companies, opens a local office here. The company has invested over $150 million in various companies in the area but this is its first physical presence in the Greater Boston area.
NEW YORK CITY-The weapons technology company is selling off its original Long Island building, a sprawling office and industrial facility situated on a 25-acre parcel. Initial plans are to lease back about a third of the office space to house the firms computer operations unit.
CHICAGO-Hotels could be in, while multifamily rental properties, especially the higher-end and luxury product, may be out in 2002, predicts Prudential Real Estate Investors vice president of acquisitions Collete English Dixon at Grubb & Ellis' 2002 real estate forecast.
AUSTIN-The state capital's CBD takes another hit as Travis County Commissioners vote to chase 20 acres at the former Robert Mueller Municipal Airport. The plan is to save money by eliminating $1 million in CBD rent and $150,000 for employees' parking.
ATLANTA-The council helps the bank make construction and rehabilitation loans that allow public-private partnerships to build affordable housing for low-income Southerners.
LONDON-Canadian footwear retailer Aldo is to make its first foray into Europe. A pilot store in London's Covent garden is set to be the forerunner for a nationwide expansion programme in the UK.
HOUSTON-It's been about six months since Capital Commercial Investments bought a Houston building. A sale-leaseback possibility ends the wait. Final papers are inked with a plumbing supplier for a northwest submarket building.
AUSTIN-An Austin dealer of recreational and sports vehicles is in the midst of construction on a 35,000-sf building at 11405 N. Interstate 35. The Woods Fun Center project unfolds after 27 years in the same location.
CHICAGO-It's early, but the biggest Downtown office lease so far this year is JPMorgan Chase Bank's deal for 86,000 sf at the AT&T Corporate Center/USG Building at 227 W. Monroe St., where asking rates start at $30 per sf net.
LOS ANGELES-Wedbush Morgan Securities, an investment bank and brokerage firm located here, has signed a 10-year lease for 113,000 sf of office space at 1000 Wilshire Blvd. The lease is valued at $26 million and makes the investment firm the building's primary tenant.