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STAMFORD, CT-While Xerox has made some critical decisions of late to turn the ailing copier company around, the firm has yet to make several major determinations on where its corporate headquarters will be housed.
AUSTIN-It's time to court all types of companies: those that are here and those that might be willing to come, says a leading local economist. For too long, the focus on been on dealing with Austin's rapid growth rather than seeking more corporate residents.
BRANCHBURG, NJ-The 15-building project will include a mix of pure office buildings, medical facilities and a day-care center. The first six buildings will be ready early next year.
GREENACRES, FL-A Miami-based investment group pays about $47,500 per unit for a 70-unit multifamily property in this Palm Beach County community, 59 miles north of Miami.
CARROLLTON, TX-Industrial properties in the Dallas-Ft. Worth region remain a hot ticket, with First Industrial Realty Trust finding a taker for a Valwood property within 35 days of it coming to market. A local family trust bought the 90,274-sf building.
ORLANDO-The nation's largest defense company is leasing 21,716 sf at 100 Gran Park, a 100,000-sf Flagler Development Co. office project in south Orlando. The Bethesda, MD-based contractor is also reporting a second-quarter 243% jump in profit to $144 million from $42 million in the same 2000 period.
BRAINTREE, MA-Sun Life Financial acquires Plaza Executive Center, a first-class office building located at 300 Granite St. here. The Wellesley, MA-based company paid $13.9 million for the 89,500-sf building.
SAN MARCOS, CA-The 16-acre Campus Marketplace by Florida-based Regency Centers is four months out and filling up fast thanks to its location adjacent the Cal-State San Marcos campus in one of the city's fastest-growing neighborhoods.
MINNEAPOLIS- John P. Kelly has been an active member both at the international and local levels, including a stint as president of BOMA Minneapolis. He is executive vice president for the large commercial real estate developer.