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BOSTON-Manulife Financial begins construction on a 14-story tower it is developing South Boston seaport district. The Toronto-based company, which is leasing the site from the Massachusetts Port Authority, will use the building as its US headquarters.
CLERMONT, FL-The Atlanta retailer is asking the city's planning and zoning commission today for a green light on a new location for an estimated $11 million, 130,000-sf retail store and garden center in this south Lake County community, 25 miles west of Downtown Orlando.
BALTIMORE, MD-The Cordish Co. begins work on its new office and retail complex on Pier 4 of Baltimore's harbor-front. With the announcement of a second tenant's commitment to lease space, 75% of the 140,000-sf building is spoken for already.
LOS ANGELES-The man credited with bringing you the Staples Center--criticized by opponents as too "pro-development"--has at last thrown his hardhat in the ring. He plans to oust Gray Davis from the governor's mansion in next year's election.
ANN ARBOR, MI- Institutional Shareholder Services says shareholder dissent is unfounded and praises a proposed merger with Commercial Net Lease Realty Inc. as being the most financially sound idea for stockholders.
ATLANTA-The locally based electronic engineering firm is taking 34,741 sf for seven years in the 2300 Building at the two million-sf office park in Cobb County. A concessions package by Cousins Properties clinched the deal.
LEWISVILLE, TX-Sysco Food Services of Dallas is laying the groundwork to break ground simultaneously with the Billingsley Co.'s added infrastructure plans for its 1,900-acre Austin Ranch. Billingsley ropes its first distribution taker with Sysco's 48-acre buy.
PHOENIX-The right land and pent-up demand create a sure-fire cushion for Lincoln Property Co. to break ground next week on a 224,116-sf spec project in the Sky Harbor Airport submarket. Build-to-suit prospects are lining up for the balance of the 523,122-sf Lincoln Commerce Park.
Crestline Capital Corporation opens a new hotel in Charlotte, NC. The 181-room structure will operate as a Marriott franchise under the management of Crestline Hotels & Resorts.
BRIDGEWATER TWP., NJ-The firm has established its regional headquarters in this Somerset County community after a build-out that includes high computer capabilities.