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LOS ANGELES-The 100% occupied office complex sells to two limited liability corporations. The seller, Newport Beach-based CT Realty Corp., acquired the office complex in November 1999 from the Government of Singapore.
MALDEN, MA-The city council here approves the zoning changes needed by New Jersey-based Roseland Property Co. to develop the 100-acre Rowe's Quarry, which straddles this town and Revere. The project still needs zoning changes approved by the Revere City Council.
WALNUT CREEK, CA-The company is revealing little officially, but one inside source gives GlobeSt.com several reasons for shuttering the office. CBRE officials will reportedly service the area out of an office about 20 miles south in Pleasanton.
SCHAUMBURG, IL-This economic engine of Chicago's Northwest suburbs continues to hold out for quality development as less than 6% of its giant tax base remains undeveloped. Similar communities are advised to do likewise.
SAN ANTONIO-The Walsh, Anderson, Brown, Schulze & Aldridge firm is moving into an 8,655-sf spot in the premier 298,2890-sf One International Centre. The specialty law firm also has offices in Austin and Irving, TX.
LONDON-The UK's key regional office markets are now increasingly short of prime space. With little new space coming to market over the next year, rents are expected to rise, according to a DTZ report.
PETALUMA, CA-Construction has started on a four-story Sheraton in this community 32-miles north of the Golden Gate Bridge. The Sheraton at the Petaluma Marina is targeted to open in 2002. The Lok Group is building the 183-room, high-end hotel.
LONDON-Tishman International has fully let its first UK project, the 182,500-sf redevelopment of the former Heinz headquarters at Hayes Park Hillingdon, near Heathrow.
ATLANTA-A Marcus & Millichap June office investment assessment of the metro area shows annual appreciation is between 3.5% to 4.5%, down from previous levels of about 6% a year.
LONDON-Gainsborough Morrison, the serviced office operator jointly owned Gainsborough Group and Morrison Developments, has secured five new UK sites totalling more than 210,000 sf.
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