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PORTLAND-Interestingly, the only office space in the five-block redevelopment for which Gerding Edlen Development has not secured tenants -- the 215,000-sf Block 2 tower -- is the only one of the bunch it no longer owns and one of the first that will be completed. It pre-sold the building to Multi Employer Properties Trust.
BALTIMORE, MD-Taking on a large block of space at One Charles Center, Johns Hopkins University creates a more logistically desirable locale for The Fund for Johns Hopkins Medicine and the university's School of Professional Studies in Business and Education.
CARLSBAD, CA-An organization that orchestrates organ transplants has bought a 27,782 sf office building here for $4.67 million. Union Bank provided financing.
FORT WASHINGTON, PA-In the first of what may be at least three similar deals, Cedar Income Fund Ltd. agrees to purchase a seven-acre parcel off the Pennsylvania Turnpike and construct a build-to-suit health club for L.A. Fitness.
LONDON-Hammerson and Barclays Bank's 800,000-sf West Quay shopping centre in Southampton, Hampshire, won the top award at this year's BCSC Awards for the best new development of the past year.
ORLANDO-The 25-year-old, locally based golfing phenomenon sold his three-acre tract on Lake Bessie in the affluent south Orlando community of Isleworth to Isleworth Land Co. for $3.5 million or $1.17 million per acre ($26.78 per sf)--the same price he paid for the land in 1997.
FLORHAM PARK, NJ - The new leases and renewals, topped by a 50,000-sf deal with a law firm, have come at a variety of the developer's properties throughout New Jersey.
PHOENIX-Reywest, Papago and Flower Court land new tenants in a trio of deals that shore up 68,663 sf. The largest space taker, Ashley Furniture Co., has settled into a 38,632-sf spot at Reywest Industrial Park.
TAMPA, FL-Locally based International Ship Repair & Marine Services Inc. paid $6 million or $13.69 per sf for a property the global media leader picked up in its $34.5 billion corporate acquisition of CBS in September 1999. The replacement cost for a comparable building is in the $25 to $35-per sf-range.