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LYNNWOOD, WA-Cypress Semiconductor Corp. of San Jose, CA has leased and signed an option to buy a 66,528-sf building in the proposed Opus Northpointe Corporate Campus. The company will consolidate other Puget Sound operations and house 150 employees here.
AURORA, CO-The Lexington, MA-based high-tech company moves into a two-building, 175,000-sf complex in the CentreTech Business Park here. The company signs a 10-year lease on the property built by Panattoni Development.
HAMTRAMCK, MI-The city burdened with massive debt is given aid by state and Michigan Economic Development Corp.to rebuild infrastructure for a blighted Downtown street in hopes new development will follow.
NEW BRUNSWICK, NJ-The 18,000-sf flex/warehouse facility, located in the company's BrunsWick Industrial Center, is expected to be ready by early next spring.
SAN DIEGO-Nielsen Dillingham Builders has begun construction of a $21 million expansion of Sharp Memorial Hospital. When finished, the five-story facility will house cancer care and other treatment centers.
LITTLETON, CO-The 16,000-sf Shops at Riverbend will include restaurants, coffee houses, bistros, small specialty shops, serving as a gateway to this community's Downtown. It is expected to open in early 2002.
HOUSTON-Alliance Wood Engineering has signed a 44,065-sf renewal for the Atrium at Park Ten in the Energy Corridor submarket. The lease for the Koll Bren Schreiber property has been engineered by Houston teams from four brokerage firms.
ATLANTA-The New York Stock Exchange-traded company will be developing the 1,200-megawatt natural gas-fired power plant in Gastonia, NC, 15 miles east of Downtown Charlotte and 180 miles northeast of Downtown Atlanta.
ORLANDO-A new analysis by the Orlando office of Grubb & Ellis Co. shows sublease product at 14 area big-box bulk distribution properties has mushroomed to 3.2 million sf from one million sf in July. Developers have all but abandoned the spec market.
CHICAGO-The investment services group of Grubb & Ellis hopes to find a buyer before the holidays for Heartland Partners LP's 30% stake in the 266,000-sf Goose Island Industrial Park, which is fully leased.