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AUSTIN-Beverly Silas is the 2002 leader of the Downtown Austin Alliance, replacing outgoing chairman Robert Gaston of Equity Properties Trust. She says the coming year's goals will be gamed out at November's board meeting.
LOS ANGELES-Oaktree Capital Management signs $5.4-million lease for an additional 25,000 sf of office space at Wells Fargo Center. The deal is latest sign to mark the comeback in the CBD, where vacancies have dropped to a 10-year low.
SOUTHLAKE, TX-Terrabrook has hooked Dallas-based Granite Properties to be its office developer, marking the first deal for Aventerra and the first foray by Granite into Tarrant County. By year's end, the project's retail developer could be signed.
BOSTON-The aftermath of the attacks and a softening economy continues to be felt in the market here as a local developer delays construction on a $100 million project planned for the south end neighborhood. A spokesperson for the city tells GlobeSt.com that construction will begin within two months.
HUNTINGTON BEACH, CA-The company has already begun demolishing former Boeing manufacturing facilities at Huntington Beach. It plans to add the site to the McDonnell Centre Business Park to bring an additional 600,000 sf of commercial space to the 1.8 million-sf complex.
KENT, WA-In many Puget Sound areas, the buffer to dismal vacancy numbers is that a large portion of space is, in fact, sublease space, with original tenants still paying rent. In the Southend, however, the sting is direct.
BOARDMAN, OR-The global energy provider is acquiring a 50% interest in the Coyote Springs 2 power plant as part of its plan to attain 35,000 megawatts nationwide by 2005.
DALLAS-The 31-year-old Rogers-O'Brien Construction Co. of Dallas is named the contractor of the year for the region. The firm's high-profile projects include the Women's Museum, Neiman Marcus' newest location and Cisco's Richardson Development Center.
PHOENIX-The vehicle dealership, Auto Now, negotiates a $2.3-million deal for a larger site in its existing neighborhood. The 'dealers' row' site is at the intersection of 20th Street and Bell Road. The buyer will build on a former used car sales lot.