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THE WOODLANDS, TX-Woodlands Office Equities gets nearly $8.8 million for a 70,211-sf, fully leased office building along Research Forest Drive. A 59,956-sf building is under contract and the developer is looking for buyers for the balance.
ORLANDO-Orange County commissioners are expected to approve a $367,000 economic incentive package this week to make sure Siemens Westinghouse Corp. goes through with plans to build a 225,000-sf, $40 million call center near its two other buildings totaling 450,000 sf in east Orlando.
ORLANDO-The funding spigot for permanent financing loans remains open for most categories of commercial real estate properties, brokers tell GlobeSt.com.
NEW YORK CITY-A new report places the Manhattan market as the top-ranked city for investors seeking a solid return. A tight supply of space and expected federal funds to help rebuild Downtown should create high demand in 2002.
RENO, CA-PETsMART has negotiated a distribution lease with Panattoni Development Co. for Phase III of Red Rock Business Center, a Panattoni project located at 9175 Moya Boulevard.
NEW YORK CITY-The ever-changing face of Manhattan will add 16 million sf of new office space, almost all of it in Midtown from ongoing or planned projects. But most of this new space is already leased, offering little in the way of new supply to a tight market.
PHOENIX-Six newcomers have opened doors or are gearing up to open at the recently completed Village at Desert Ridge. In December, the retailers welcome Scorch Nightclub and February brings Hot Topic Clothing.
SAN CLEMENTE, CA-Groundbreaking has recently occurred at the site of the future Talega Medical Plaza in San Clemente. The project will encompass 28,000 sf upon completion.
LONDON-A rush of investors into the auction room has driven London auction sales to new record levels. October saw the UK's biggest-ever sale when Allsops knocked down 215 properties in two days.