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AUSTIN-Christmas week, two tenants will be moving lock, stock and barrel into an aggregate 7,900 sf of office space in Austin's south and northwest submarkets. The largest deal puts an optometrist into the Esprit building at 515 Capital of Texas Highway.
ROLLING MEADOWS, IL-Allstate Life Insurance Co. writes five-year mortgages at 6.65% amortized over 20 years for Great Lakes REIT on the 1600 Corporate Center here as well as Woodfield Green Executive Center in Schaumburg.
ATLANTA-Atlanta's industrial market is starting to improve based on anecdotal evidence from Grubb & Ellis. That's good news for a market that's seen vacancy rates increase 3.2% percent this year and new construction drop 4.5 million sf in one quarter.
HOUSTON-Santos Corp., based in Australia, is relocating its US headquarters to 10111 Richmond. The new US president liked the amenities, location and fiber optics groundwork. Santos is moving into space being vacated by Macro Enterprises.
DENVER-Revenues rise 7.4% over November 2000 figures to $53.2 million. The majority of the revenue, $38.4 million, comes from the 20 casinos in the mountain town of Black Hawk.
ATLANTA-The Atlanta Development Authority signed off on agreements designed to give a lift to downtown developers. Next, Atlanta hopes to issue some $15 million in bonds to help develop condominiums, two grocery stores and a CBD business park.
DALLAS-White Consolidated Industries will relocate in early January to the 439,080-sf Pinnacle 3 in Dallas. It's one of the quicker deals to close, pushed in part by a bid to reduce costs and get closer to the region's freeway network, says Hillwood.
FORT MYERS, FL-A Panama City, FL-based firm expects to land site prep work for the Southwest Florida International Airport. Phoenix Construction Services has submitted the low bid of $29.7 million for the 1,100-acre site.
LANSING, MI-A magazine says the state has the best track record for attracting new office and industrial projects, beating out California and New York, in its annual study of where businesses are expanding operations.