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ORLANDO-The Association for Local Telecommunications Systems tells GlobeSt.com it will continue to battle building owners in some states where agreements haven't been worked out. BOMA International tells GlobeSt.com it will meet ALTS head on.
BOLINGBROOK, IL-Two deals in this I-55 Corridor suburb as well as nearby Romeoville take 125,000 sf off the industrial market. Millennium Transportation Systems Inc. moves from Burr Ridge.
TROY, MI-City leaders decide not to include a performing arts theater and other projects on public land, which property owners say will be included in plans by New York developer Eric Castro.
BANNOCKBURN, IL-Oak Brook, IL-based Great Lakes REIT closes on the purchase of 3000 Lakeside Dr. in this far north suburb, buying in at a projected first-year capitalization rate of approximately 9%.
PHOENIX-Rascals International will place a 300-seat comedy club in the Crowne Plaza Hotel in downtown Phoenix, the first of several such ventures the New Jersey-based entertainment company is planning with other hoteliers.
ENGLEWOOD, CO-A radically different layout using a circular flow of traffic will allow those inside to easily see around the store from any point. Technology and education centers also are included.
MIAMI-The commitment from Ocean Bank would enable the locally based provider of Internet infrastructure and managed services to restructuring existing debt, in addition to creating a new source of capital.
ORLANDO-A July 27 Massachusetts Superior Court decision that appears to favor property owners on the unlimited-access-to-buildings issue is boiling up again as BOMA and ALTS gear up for a new round of litigation.
BREA, CA-Privately held GK Investments of San Francisco acquires the 64,478-sf Park Lambert Business Center here from CT Realty Corp. The multitenant project is fully leased.