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WASHINGTON, DC-A recent survey, conducted by CBIZ Valuation Counselors and the National Investment Center for the Seniors Housing & Care Industries, projects that a record $10.8 billion of financing may be provided to the sector in 2001. The previous record of actual financing was $9.4 billion in 1998.
MANCHESTER-Manchester has scored its biggest office investment deal of the year with the $39 million sale of 101 Barbirolli Square to Paul Sykes' acquisitive Highstone Estates.
BOSTON-State Street Corp. will sublet 250,000-sf of space at One Lincoln St., the 36-story office tower being developed in the heart of the financial district. A spokesperson for State Street tells GlobeSt.com that the company's decision to sublet is not a sudden strategy shift.
STAFFORD COUNTY, VA-In another collaboration with RST Development of Virginia Beach, VA, this construction company has completed a 120-townhome community.
HOUSTON-With a 20.1% vacancy, the Westchase submarket gets a 47,238-sf respite in a signing negotiated between Grubb & Ellis and Staubach brokers. ABB Lummus Global is the second Swiss company to lease in the region in recent days.
SYLMAR, CA-Brooks Automation signs 10-year deal for 65,804 sf at Cascades Business Park. Though leasing activity in the area has stayed fairly strong, spate of new projects has pushed vacancy rates higher.
ARLINGTON, MA-This town is taking a regional approach to development in the area by asking neighboring Belmont and Cambridge to join it in a tri-community development district. Similar districts have been established in other areas of eastern Massachusetts.
MEMPHIS, TN-The Pennsylvania confections maker is adding 100 jobs to the 300-worker facility where Bubble Yum gum and Breath Savers mint products, acquired from Kraft Foods Inc. in December 2000, will be produced.