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PEACHTREE CITY, GA-The only bidder for the project, building and contracting firm Group VI Corp. wins the job to build the Peachtree City Water and Sewerage Authority's new administrative offices. The project is expected to cost about $1.25 million.
CRANBURY, NJ-Pearson Education will use the space at the Rockefeller Group's new FTZ-based business park for warehousing and distribution. The deal highlights Exit 8A's emergence as a W/D hotbed.
Hartford, CT-With combined interests in nearly 200 hotels, the two lodging giants form a joint venture. The partnership's first acquisitions are both Marriot brands: a 90-room Courtyard and a 96-room Residence Inn.
LOCKHART, TX-The federal money will get the city started on a roadway that will open up a 43-acre industrial park near Austin-Bergstrom International Airport and provide access to US Highway 183.
TARRYTOWN, NY-In the largest real estate sale in Westchester County so far this year, Equity Residential Properties Trust has acquired the Talleyrand Crescent rental townhouse community here from an affiliate of Cappelli Enterprises of Valhalla for $61 million.
BUCKHEAD, GA-Cost Plus World Market opens its fourth Atlanta-area outlet in an 18,000-sf space on Piedmont Road. The store is slightly larger than average World Market outlets, which usually offer about 16,000 sf of shopping space.
LONDON-Telecoms Giant BT has exchanged contracts to sell the majority of its UK property portfolio to Telereal, a joint venture between Land Securities Trillium and the William Pears Group.
MIDDLETOWN, NJ-This Monmouth County township wants a commercial/residential mixed-use project, but the homebuilder only wants to do the residential part of it.
CHICAGO-Not only does the Downtown condominium market force Heartland Properties to make Phase II of Kinzie Station a rental property, it also decimates the REIT's third-quarter net profit as sales of units stall.
HOUSTON-The battle over the Compaq Center rages on as a federal judge dismisses the case. Crescent Real Estate Equities appeals, and is not giving up on keeping Lakewood Church from leasing the building for up to 90 years.