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ROUND ROCK, TX-Burke Real Estate Group closes a deal for 3.2 acres to lock down frontage along Chandler Road in Round Rock. The acquisition takes the Chandler Creek Business Park to 118 acres, already home to 163,000 sf of office-industrial product.
FOOTHILL RANCH, CA-The manufacturer of laser-based surgical products moves its offices from San Jose, signing a $2.5-million lease for 17,845 sf at Town Centre Drive.
PRINCETON, NJ-National Business Parks has gotten approvals to start site work on the project for owner Lawrence Zirinsky Associates. The project is targeting R&D operations.
NASHVILLE-Crye-Leike Commercial & Property Management promotes a two-year employee to manage the Nashville division. The duties include expanding the division, overseeing an apartment locator service and managing investment property buys in six counties.
BOISE, ID-Third-quarter multifamily vacancy in the market was 7.4%, according to a report by Hendricks & Partners, while the average monthly market rent is at $654, up $20. Low mortgage rates also crimp demand.
BELLEVUE, WA-The public sector of the retirement and assisted-living industry is beset with financial woes, with some companies falling by the wayside despite a growing need for facilities. But privately-held Leisure Care is holding its own, and then some.
AUSTIN-Twenty-nine days is all it took to get the official nod for the 240-unit Riverside Meadows Apartments in the city's southeast submarket. Construction starts in January 2002 with all eyes on a September 2002 delivery.
NEW YORK CITY-Land prices in the city and suburbs have become difficult if not impossible to predict following the September 11 attacks on the World Trade Center. Sector by sector and block by block, land values are changing on a daily basis.
MIRAMAR, FL-Minto Villaggio is building a 292-unit rental apartment complex in the Country Lakes West development. A $22.3-million loan, or $76,370 per unit, has been structured to finance the project.