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ROCKVILLE, MD-This REIT bought the 119,000-sf shopping center for $32.7 million. Situated in the trendy Friendship Heights of Washington and inner suburb Chevy Chase, Friendship Centre includes Borders Books, Eddie Bauer and Linens-n-Things.
ORLANDO-Matthew Sullivan, founder/president of the 10-year-old, locally based, full-service brokerage; broker Michael Caridi; and property managers Susan Koschewa and Dario Luciano are wearing new hats. Terms of the deal weren't disclosed.
DENVER-The 60-year-old amphitheater on the city's West Side, which has served as a venue for rock acts ranging from the Beatles to U-2, will reopen in May after its first major renovation in more than 40 years.
SAN JOSE-The 600-megawatt Metcalf Energy Center won approval from the CEC Monday. Calpine Corp. and Bechtel Enterprises are prepared to begin construction on the 20-acre site this October.
SALEM, OR-In the wake of the terrorist attacks, the OTC expects to quickly announce an action plan that will minimize negative impacts and take advantage new opportunities in the marketplace.
DALLAS-It's perhaps the largest office lease to be signed this year in Dallas. Longtime tenant Jackson Walker LLP is adding another floor, 28,500 sf, to its 112,500-sf, four-floor office quarters at the landmark Bank of America Plaza in the CBD.
DALLAS-Freshly signed office deals secure 33,358 sf of class A space around town. It's slow going, but activity isn't at a standstill and more deals are en route. Leasing agents are getting more creative and rates are dropping, says an area VP.
PHOENIX-BondTech Industries has signed for an office spot in a 7,700-sf industrial building in Phoenix's north submarket. The multi-tenant building is positioned at 14631 N. Cave Creek Rd., about a mile west of Squaw Peak Parkway.
AUSTIN-The writing's on the wall for two chip plants and another 1,000 jobs in Austin's manufacturing arena. Advanced Micro Devices says the cuts will save $125 million and allow it to focus on flash memory devices and PC processors.
DETROIT- The suburbs of Ferndale, Holly and Lake Orion will receive three years of financial assistance and professional advice on building up their Downtown areas. Two others will get help on their applications.