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EVERETT, MA-The agency created to oversee TeleCom City, the 200-acre project to create office space for the telecommunications industry in Everett, Revere and Malden, looks to develop housing on an adjacent site.
BELLEVUE, WA-"2002 will be remembered by landlords, tenants, owners and agents as the time we adjusted to the sudden and dramatic events in the economy and the world in 2001," says James Keating, Grubb & Ellis Senior Vice President.
PORTLAND-Property owners, under the threat of criminal liability, must now provide purchasers with information and records of construction projects on the property for the two years immediately preceding the sale of the property.
MINNEAPOLIS-Welsh Cos. vice president John Johannson has won the Minnesota Shopping Center Association's retail broker of the year award two out of last three years. Competition comes from Welsh Cos. associate Terese Reiling.
LOS ANGELES-National commercial real estate services firm Studley has completed an office relocation deal for Salomon Smith Barney and represented Charter Communications in a build-to-suit purchase of an office center.
CHICAGO-Nearly 250,000 sf of storage space is renovated and built on the North and Near West Sides. Itasca, IL-based FCL Builders, Inc. is doing both projects at 2001 N. Elston Ave. and 359 N. Green St.
ST. PAUL, MN-The Saint Paul Foundation approves a $1-million grant while the F.R. Bigelow Foundation comes through with another $2 million for Minnesota Public Radio's 105,000-sf expansion project.
ORLANDO-The 164-year-old New York jeweler is building a 5,700-sf store at an estimated cost of $1.5 million at the 1.3 million-sf shopping center being developed by Michigan developers Alfred Taubman and Forbes Co. and scheduled to open this fall in south Orlando.
WASHINGTON, DC-Real estate services provider Oncor International summarizes the highs and lows of the office real estate industry in its 2001Year-End North American Office Market Report. While the slow economy and newfound security fears will lead to an increase in back-office construction, industry insiders are countering any further negative effects by refusing to panic.
LONDON-The refurbishment of Quay House in Bath, Somerset, will now move forward following Chase de Vere Investments' commitment to take a 25-year lease.