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BOSTON-City Councilor James Kelly meets with developer Frank McCourt to discuss his plans to develop his 25-acre parcel here in South Boston on the waterfront. Kelly is concerned that the area is in danger of being overdeveloped.
ROCHESTER, NY-Home Properties has acquired two apartment communities in Illinois and Maryland for nearly $50 million and sold six developments in the Northeast and Mid Atlantic for approximately $50 million.
SEATTLE, WA-While other commercial building construction grinds to a halt, senior living facilities just keep rising from the earth, often providing assisted living, independent living and low-income alternatives all in the same multi-building development.
HERNDON, VA-The technology company is taking the entire 13-story, 405,000-sf building, which will deliver October 1. Tishman Speyer Properties is having success attracting tech tenants, even as the sector drags down the office market in Northern Virginia generally.
PORTLAND-New Commission Express franchisee Steve Johnson tells GlobeSt.com he expects only about 20% of his business to be commercial because he restricts non-residential factoring to lease renewals and other, simple deals that will close quickly.
DALLAS-Yes, there is 6.3 million sf of sublease space now available in the Dallas-Ft. Worth market. That's more than double the norm, say researchers. But still, it's not time to panic and vacancy is still far short of the killer years.
TOLLESON, AZ-Ryan Cos.' crews kick off work on a 140,000-sf distribution center for Graybar Electric, the third building pact sewn up for the electrical parts distributor. Graybar will join Cardinal Health, Costco and Western Molding in Ryan's 95-acre park.
SAN FRANCISCO-The 26-story, 450,000 sf office building at 55 Second Street is 93% preleased. Anchor tenants in the $100-million building include Digital Island; Paul, Hastings, Janofsky & Walker, Preston, Gates, Ellis and the Fritz Companies.
SAN DIEGO-The San Diego Center for Children in Kearny Mesa has completed construction of the first of three cottages for troubled children. Donations totaling $4.3 million have helped to finance the project.
PARAMUS, NJ-While the owner representation and management side of the real estate firm will still function under the Summer name, tenant services will operate separately as CRESA Partners/New Jersey.