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NEW YORK CITY-The displaced World Trade Center law firm picks up 338,000 sf of Midtown space previously earmarked for American Express. Amex announced Friday that it would return to its World Financial Center headquarters.
IRVINE, CA-The Bascom Group LLC pays $17.7 million for the San Bernardino multifamily property, which it plans to renovate. Investors are still eyeing the Inland Empire's multifamily sector, as population growth in the region is still healthy.
DAYTONA BEACH, FL-The St. Louis-based hotel chain originally agreed to pay Florida's black colleges and the plaintiffs a total $8 million a year ago before a federal judge threw out the case on a legal technicality. Adam's Mark denies the discrimination charges.
BREA, CA-The Orange County-based trust pays $2.8-million for the property known as Birchbrook Office Park. The building is 95% occupied is a region where the office vacancy rate hovered around 14.9% at the close of the third quarter.
GEORGETOWN, TX-The 212-acre Rivery tract gets a green light from Georgetown City Council. The starting gun ends nearly two decades of on again, off again tries to develop the acreage. The full-scale mixed-use project could see its first openings in fall 2003.
SEATTLE, WA-The165,000-sf Meridian West in the Downtown core is the latest major chunk of Seattle real estate to come to market. Rosche Finanz is looking to unload the retail property after fewer than five years.
TINLEY PARK, IL-With an $8-million medical office building, Advocate Health Care is expanding its presence in the southwest suburbs, an area that is still seeing its residential base expand and creating a higher demand for medical services.