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MIAMI-Gulfside Development Inc. plans to break ground by summer 2002 on the first phase of Downtown Dadeland, a venture that will comprise 150,000 sf of retail, 330 condominiums and an undetermined amount of condominium office units among seven clustered buildings in the four-story to seven-story range.
WASHINGTON, DC-Robert J. Reid, executive director of the National Housing Conference, will retire from the organization at the end of next year. NHC official and current executive director of the US Millennial Housing Commission Conrad E. Egan will succeed him.
SEATTLE-The 45th Street Plaza office building has opened in Seattle's University District. The 90,000-sf building has five floors of office space and one floor of street-level retail.
POWAY, CA-An $11-million, 80,878-sf deal closes at the Parkway Centre Five Business Park along with a $7-million, 37,627-sf deal at the Parkway Tech Center close. The lessees are Remec Inc. and GenRad Inc., respectively.
DETROIT-Terrorist attacks and anthrax scares have increased the pace of security concerns in a market already jumpy because of incidents of violence in the workplace, says protection specialist Rodney Mack.
EDINBURGH-New research by Ryden predicts Scottish property to suffer 'adverse effects' after 11 September. Hardest hit sectors include Edinburgh and Aberdeen offices.
MADISON, WI-The office and laboratory facility in the new Biotechnology Center built by the Gialamas Co. is four times larger than its existing space. The new space offers use of advanced robotics and optical technologies.
BOSTON-The Massachusetts Turnpike Authority's recent decision to delay toll hikes causes Moody's Investors Services to revise its outlook for the agency from stable to negative. The Wall Street firm is concerned over MassPike's ability to pay for its share of the Big Dig costs.
CHICAGO-Plan commissioners recommend approval of Lakin General's 60,000-sf manufacturing facility in the Austin neighborhood, site of a former Archer Daniels Midland factory acquired by the city through foreclosure.
LONDON-Retail investor Halladale has bought the Woodley shopping centre in Reading, Berkshire in a joint venture with Citigroup Global Investments. The neighbourhood mall is let to several national multiples and the deal reflects an initial yield of 9.5%.