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CAMBRIDGE, MA-One Cambridge Center, one of the 12 Kendall Square buildings that make up Cambridge Center, is fully leased due to a number deals. The mixed-use urban center developed by Boston Properties provides over two million sf of space.
CHICAGO-The city's 40th Ward on the North Side will see a 120,000-sf redevelopment of Lawrence Hall Youth Services facilities at 4833 N. Francisco Ave. as well as a 32,000-sf expansion to Swedish Covenant Hospital's Galter Life Center.
SAN ANTONIO-The San Antonio Convention Center Bureau gets an extra $2 million pumped into a $5.6-million budget to attract new trade. Local hotels are kicking in another $400,000 in barter and in-kind contributions for the effort.
NEW YORK CITY-Nearly two million sf of space dedicated to telecom use is available in the New York City market and prices are expected to soften as users slowly absorb the sublease and newly-built specialized facilities.
AUSTIN-Out with the old and in with the new is the theory behind a 67,000-sf, made-over Wal-Mart by Houston-based Academy Sports and Outdoors. The Research Boulevard location replaces a 35,000-sf store in the same submarket.
LONDON-The terrorist attacks on the USA on 11 September have not halted demand for prime retail properties in the UK. That's the conclusion of new research by Insignia Richard Ellis, revealed at MAPIC.
PORTLAND, OR- IREM Oregon Chapter is one of a network of 87 local chapters nationwide. In the Oregon Chapter President role for next year is Alixandra F. Brevig, senior asset manager for Norris Beggs & Simpson.
GRAND JUNCTION, CO-Fannie Mae's DUS product line was used to refinance a $1-million loan for the 36-unit multifamily rental project here. Terms of the 10-year loan include 30-year amortization.
PORTLAND-AND 1, a seven-year-old basketball footwear and apparel company, signs a five-year lease for an industrial building at Southeast 7th Avenue and Ankeney Street that John Kellogg and Thad Fisco picked up 12 months ago for $275,000.
CHICAGO-Factory outlet and power retail center REIT Horizon Group Properties, Inc. posts a $276,000 third-quarter loss with occupancies falling to 76.5% across the 2.5-million-sf portfolio.