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QUINCY, MA-State Street Corp. sublets a seven-story office building here that it had leased in March for 10 years. A company spokesperson insists that the move does not reflect serious cost cutting measures but only a slowdown in hiring.
DUBLIN, CA-Property owners are starting to realize that high-tech office campuses may not bring the big payoffs they promised last year, and are leaning more toward residential and retail development.
MESA, AZ-Michael B. Furst gets about $1.9 million for the 22,600-sf Apache Greenfield along Main Street in Mesa. Scottsdale-based private investor, Ron Barnes, is the new owner in the deal structured by Marcus & Millichap and RBI of Phoenix.
DALLAS-Three sales close in recent weeks, one of which puts a 7,727-sf office-flex building in Arlington into the hands of a private local investor. Others include an 11,000-sf industrial building in Dallas and about 2 1/2 acres in Forney for a storage center expansion.
ORLANDO-The $256.97 million debt issue could be on the market this week, Standard & Poor's Corp. predicts, after also giving Florida a double-A ranking on its outstanding full faith and credit debt.
ORLANDO-The Florida Attractions Association's statewide survey of 22 parks shows attendance gains made after the Sept. 11 terrorist attacks have been wiped out by the anthrax fears.
BELLEVUE, WA-By owning almost 50% of the local office square footage here, says one disgruntled broker, Equity Office Properties carries too big a stick. Spokespeople say that's how the competitive edge works.
LEEDS-Leeds is to get its own version of Birmingham's successful BrindleyPlace by 2004. Teesland and local company Sterling Capitol have put together a monster proposal for the old Royal Mail building in the city's West End.
REDLANDS, CA-Silagi Development & Management acquires the 180,000-sf park from Guardian of New York. Deal reflects steady demand from small and mid-size buyers, even as large institutions remain on the sidelines.