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WASHINGTON, DC-The Bernstein Companies acquires 1000 Vermont Ave. from Cornerstone Real Estate Advisors for $16 million. Bernstein makes the purchase of the 80,000-sf building through its $100-million Consortium Capital equity fund.
HOUSTON-Galveston and Houston port officials say voters' rejection of a merger won't stymie growth. Houston will still seek ways to corner all Gulf of Mexico container-shipping trade and Galveston will look for avenues to beef up business.
QUINCY, MI-Warehouse pallet provider taking advantage of $2.7 million in tax breaks to build a 330,000-sf building, which will consolidate operations now based in Alabama and West Virginia.
SAN DIEGO-A locally based construction firm has named a new project superintendent and project assistant. Both positions were filled by existing Keeton Construction Co. employees.
CHICAGO-The plan commission chairman hopes more multifamily developers will voluntarily set aside units at affordable prices under the Chicago Partnership for Affordable Neighborhoods plan pushed earlier this year by Mayor Richard M. Daley.
BOSTON-The city asks the state's environmental office to reconsider its decision to approve a new runway at Logan International Airport, citing changes at the airport and Massport due to the Sept. 11 terror attacks.
AUSTIN-The Greater Austin Chamber of Commerce positions itself for the next two years, selecting chairmen from the health-care and banking industries. The 2002 chairman is Charles Barnett and 2003's Rick Burciaga.
SUNNY ISLES, FL-Aventura Preserve Investors is planning a 500-unit apartment complex on Dumfoundling Bay at a cost of nearly $40.9 million or $81,700 per unit. The project is located about 20 miles north of downtown Miami.
SAN FRANCISCO-AMB Property's Pier One redevelopment project was the recipient of the Urban Land Institute's 2001 Award for Excellence in small-scale rehabilitation. AMB restored the historic site with many modern improvements.
AUSTIN-The Triangle, a mixed-use project planned for the CBD, loses its multifamily developer due to economic conditions. The search is on for a replacement for the project that calls for 835 units, 150,000 sf of retail and 65,000 sf of office space.