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SAN JOSE-San Jose city officials and developers will meet this week to plan a strategy to attract biotechnology firms into the area, putting the city in direct competition with San Francisco, which already has lured more than 70 biotech companies.
DENVER-"This is a cake walk compared to the '80s," Cushman & Wakefield top office broker Nick Pavlakovich tells GlobeSt.com. His base of reference includes the auction of Downtown sublease space for $0.10 per sf.
BOONTON, NJ-A locally based development group, which got preliminary site approval a year ago, will flesh out its detailed plans before the local planning board tomorrow.
NAPLES, FL-The Collier County Planning Commission has approved a revision of this 15-acre Mediterranean-style project, which will now contain 52,500 sf of commercial space and 170 upscale apartments, instead of 180 units. The project is being touted as a catalyst for redevelopment in the city's Bayshore Gateway Triangle Redevelopment District.
PALM BEACH, FL-A 9.75-acre commercial tract has sold for $5.3 million or $543,590 per acre ($12.48 per sf) in this affluent community, 70 miles north of Downtown Miami. In March, the same dirt sold for $4 million or $410,256 per acre ($9.42 per sf).
MIAMI LAKES, FL-The 74,000 sf office building was purchased for $113.51 per sf by AMC Delancey Group Inc. of Philadelphia and Aquila Property Co. of Coral Springs, FL from Palm Beach-based Esko Properties Inc.
LONDON-In a deal worth $13 million-plus, Diageo Pension Fund has sold its freehold interest in The Quadrangle, Abbey Park Industrial Estate, Romsey, Hampshire, to Coal Pension Properties.
SEATTLE-The Publicly traded firm acquires a 50% interest in four mini-casinos from Cleopatra Gaming Management, developer of the house-banked cardrooms. Statewide cardrooms generated $227 million in net receipts from July 2000 through June 2001.
SANTA ANA, CA-The data storage company inks a lease for 11,796 sf at Nexus Twin Towers. It plans to relocate its Western Region office personnel to the new space.