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HOUSTON-Veritas DGC finds two tenants for office sublease space, totaling 5,850 sf at 10375 Richmond in the Westchase submarket. In another deal, a travel agency relinquishes 3,019 sf at 3100 Wilcrest.
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.
NEW ROCHELLE-A developer has decided that, in spite of weak economic conditions, the time is right to invest in a number of major real estate ventures in the New York Metro area.
ORLANDO- Despite a national recession and political uncertainty, Orlando lenders are arranging financing to support class A multifamily properties. One financier says lenders are welcoming loans from strong developers with solid projects.
DALLAS-The $58-miillion, 118-unit Vendome is on track for a summer 2002 delivery in Dallas' historic Turtle Creek neighborhood. The topping out comes as the Vendome reaches 80% in presales fir Metropolitan Development Group.
AUSTIN-Seattle's Best Coffee lines up a franchise partner to develop 13 cafes in Austin and three in Waco. The first of the RTG Business Enterprises-owned cafes could open by January. Competitor Starbuck's has 27 locations in the markets.
CHICAGO-MB Beitler replaces Jones Lang LaSalle as leasing and management agent for the 1.5-million, 42-story office tower at Madison and Clinton streets, above a Metra terminal used by 94,000 commuters every work day.
ROUND ROCK, TX-A shutdown decision cuts more than 400 jobs and adds another 127,000 sf of manufacturing space to a market already supporting 600,000 sf of available industrial space. Tellabs is still undecided whether to sell or lease the site.
SAN FRANCISCO-Farella Braun + Martel LLP expands its lease in San Francisco's Financial District from 92,000 sf to 112,000 sf for what BT Commercial describes as "an extremely favorable rate.
SAN DIEGO-Downtown's Ballpark District may be facing a construction delay, but its environmental plans have already won at least one major award -- the Alonzo Award for "A Clean Footprint.