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LONDON-John Laing Property Business Space has lodged a planning application for the final phase of development at its Drakes Meadow business park close to the M4 in Swindon, Wiltshire.
VAIL, CO-Vail Resorts strikes high-ticket deal with Olympus Real Estate Partners, with offices in Dallas and New York City, to take over Rockresorts. At closing, Vail pays $7.5 million for an initial interest, puts $20 million down on a resort and arranges for follow-up payments.
CORAL GABLES, FL-The public-private Spanish satellite system has signed a long-term lease at the 350,000-sf building with a total estimated value of $2.5 million.
FLORHAM PARK, NJ-The long-term lease is part of the pharmaceutical giant's ongoing effort to reconfigure its North American headquarters and staffers in the Garden State.
AUSTIN-Q3 reports show a turnaround is far from being just around the corner. Few companies, if any, are thinking about space needs. For Concero Inc., that means spending $600,000 a quarter for vacant space that it hasn't been able to lease.
DALLAS-In Dallas, a seller of sport fishing and marine accessories decides it's time to own. Tempress Products buys a 34,990-sf building on about 1.3 acres, with an appraised value of $854,760. In Ft. Worth, Cityview Towne Crossing sells one acre to Pizza Hut.
LOS ANGELES-The real estate services firm wins contract at Downtown's 580,000-sf One Wilshire building. The highrise, purchased by Carlyle Group earlier this year for more than $100 million, is known as the 'mother of all telecom hotels.'