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LOS ANGELES-L.J. Express and San Francisco-based Fritz sign separate deals for a combined 83,000 sf. The two deals combined are valued at $3.5 million.
PHILIPS, WI-Philips Plastic's new 85,000-sf factory, designed by Krueck & Sexton of Chicago, and Minneapolis-based Ellerbe Becket's 500,000-sf "smart arena" in Japan are winners in Business Week/Architectural Record Awards.
SAN FRANCISCO- Equity Office Properties is the first real estate investment trust included in the S&P 500 index, which previously considered REITs to be passive investment vehicles.
HASLET, TX-Volkswagen of America makes a grand entrance at AllianceTexas, unlocking doors to a 360,000-sf parts distribution center. It is part of 2.5 million in new construction that will open by year's end on Hillwood-controlled land.
WASHINGTON, DC-The District breaks ground on its first city museum after being delayed by September's terrorist attacks. The $24-million, 60,000-sf project will debut in 2003.
BIRMINGHAM-The Confederation of British Industry Conference will today hear a call from Roger Bootle--ex-chief economist at HSBC--to take property issues more seriously.
ORANGE COUNTY, CA-The county's office market experienced negative net absorption, a rise in vacancy levels and a decrease in new construction at the end of the third quarter, according to a recent report by Delta Associates Inc.
SAN JOSE-The vast development has been postponed indefinitely, in part due to Cisco's decision to cancel plans for a 6.6-million-sf headquarters on the site. Cisco has not said whether it will build a smaller campus or not.
PORTLAND-Since joining the company in 1993, Griggs alone has originated finance transactions totaling roughly half a billion dollars, and the finance division as a whole has grown from $69 million in loan production to $329 million in 2000.
FT. WORTH-The good news is the funding well isn't dry in Texas, says Integra Realty Resources. But, the caution light is on. More equity is required, rates are down and good product, except travel-related, can still get loans under 7% interest.