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HOUSTON-Houston Supply & Manufacturing pushes a 92,322-sf industrial warehouse along the Outer Loop to the brim a 10,703-sf lease closing. The tenant joins lead industrial users, Southern Ice Equipment Distribution and Salinas Forwarding.
DENVER-Construction projects will total $9.05 billion next year, down from the $10.75 billion this year, the lowest level since 1996. Meanwhile, construction employment will drop 6.1%, according to the 37th Colorado Business Economic Outlook Forum.
STONY BROOK, NY-Maryland-based Landmark National has been hired by Gyrodyne Co. of America Inc. to plan an 18-hole golf course community on its massive Flowerfield property located here and in neighboring St. James.
CANTON, GA-The north metro Atlanta suburb will be getting single-family and multifamily homes, commercial/office space and 135 acres of walking trails, according to preliminary plans filed with the Atlanta Regional Commission. A developer hasn't been named.
ORLANDO-Aoki Corp., one of the top 10 general contractors in Japan and a hotel builder in Orlando, is restructuring and considering shedding its timeshare companies after filing for bankruptcy protection in Tokyo in November. The 400-unit Lake Buena Vista, FL resort near Walt Disney World, however, is still in business.
JERSEY CITY-The inter-dealer broker, displaced by the tragedy of September 11, was lured in part by an incentives package said to top $8 million, but the deal raises some legal issues.
HOLLYWOOD, FL-The sale was part of a lease option agreement under which NY-based Distribution Funding III has the right to buy 27 properties owned by IL-based Prologis Ltd. III.
ORLANDO-George D. Livingston, the area's biggest real estate booster, tells GlobeSt.com in this exclusive article, "the economy has bottomed and Q1 2002 will be positive." Other industry watchers, however, aren't that confident. But all feel a major rally will be in the works by year-end.
JENSEN BEACH, FL- The Fourth District Court of Appeal has refused to label a forced apartment demolition action as one of great public importance. The ruling means there is no guarantee that the Florida Supreme Court will accept the plea from developer Thomas Thompson.
WATHAM, MA-Vacancy rates continue to rise as rents fall in the Route 128 area. While a local broker tells GlobeSt.com that relief is not coming quickly, he does note that a number of deals are in the works here and the biotech industry is starting to look this way.