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NASHVILLE, TN-The 30-story SunTrust Center in Downtown Nashville was sold to a partnership led by local real estate developer Tom Smith and Norvell Olive, chief executive officer of New Life Corp. of America. Connecticut General Life Insurance Company was the seller and will retain an ownership interest.
ANNAPOLIS, MD-Plans to turn the former Wiley H. Bates High School, which is listed on the National Register of Historic Places, into a senior living residence may finally get under way next year. Anne Arundel County officials are now accepting contracting bids for the $14-million renovation project.
HOUSTON-Warehouse Associates breaks ground on the first leg to its second mixed-use park near the medical center. Developer David R. David holds options to buy the rest of the available 55 acres. In all, 900,000 sf of distribution and tech-flex space could result.
SEATTLE-The mostly residential project is slated for the triangular block at the confluence of Broadway and Boren Avenue. Driscoll Architects tells GlobeSt.com it is seeking city approval on behalf of developer Behar Co.
AUSTIN-San Francisco-based Providian Financial is cutting back in other markets, but not in Austin where it's hiring instead of firing. The firm's credit card subsidiary re-ups office-flex space 6500 Tracor Lane.
SAN ANTONIO-It's been a long time in coming, but work finally begins on the 1.3 million-sf, high-end Shops at La Cantera. The Rouse Co. and a USAA subsidiary are the developers of the 148-acre retail project.
DETROIT-GVA Strategis of Southfield, MI and the Institute of Real Estate Management's Michigan Chapter will hold seminars on the economy and its effect on the real estate market Jan. 11 and 16.
THE WOODLANDS, TX-Two down, two to go in the planned sale of four office buildings by Woodland Office Equities-95 Ltd. Patrick J. Kelly is the new owner of the fully occupied 59,952-sf Woodland Venture Tech V at 4200 Research Dr.
LONDON-Marconi, the beleaguered telecoms equipment manufacturer, has sold a second portfolio of investment properties. Industrial specialist Ashtenne Holdings has bought a mixed portfolio in four locations.
STAMFORD, CT-While not nearly as severe as its job cuts announced last June, International Paper reports it will shut down an Oswego, N.Y. containerboard mill, eliminating a total of 350 jobs.