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HOUSTON-A multi-million-dollar substation is on line at the 650,000-sf Metro Technology Center-Houston in the Galleria submarket. The construction wraps up just months before electricity deregulation takes effect in Texas.
NEW YORK CITY-The New York City-based real estate investment firm has aggressive plans to improve the assets, add new renters and prepare the properties for sale in three years.
CALERA, AL-Lafarge Corp., a Reston, VA-based subsidiary of Lafarge SA of Paris, acquired the former British-owned Blue Circle Cement's Roberta property in a $3.8 billion, all-cash September deal.
MINNEAPOLIS-The three-year-old health benefits company fills a large hole in Duke Realty's 248,172-sf office complex. The building is connected to Travelers Express Tower.
ORLANDO-After peaking in 1999, new product in all major metro areas in Central Florida are down by at least 50% from two years ago, two new analyses show. But the numbers only go to Sept. 1 and don't include new layoffs, a weakening economy and the effects on construction of the Sept. 11 terrorist attacks and the anthrax scare.
LOS ANGELES-More than 1,000 top commercial real estate professionals are expected to attend the annual 'Real Estate 2002' conference Jan. 16 at Century Plaza Hotel. A half-dozen panels also are planned for the daylong event.
SEATTLE, WA-The double-digit vacancy rates of Seattle's office market casts a wide pall. But, Michael McQuaid of Paragon Real Estate Advisors says the urban apartment market is doing well -- and his company's doing well within it.
FRANKFURT-Morgan Stanley and the Corpus property group have snapped up a portfolio of 27 office buildings across Germany put on the market by Sireo Real Estate Asset Management, a subsidiary of Deutsche Telekom.
PHOENIX-Kitchell Contractors' Mexican subsidiary wraps up a one million-sf first phase for a maquiladora in Baja California and starts overseeing a second phase. The project is for a Thomson multimedia TV picture tube production plant.
NEW YORK CITY-By suing to limit its liability in the World Trade Center bombings, the UK-based reinsurer has removed some of the stigma associated with disputes over insurance claims related to the attacks. Nevertheless, some insurers are starting to come across with funds.