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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.
LONDON-A new survey of RICS members points to a significant fall in occupier demand for commercial property, with a majority of members reporting a decline. The office and retail markets, particularly in London, have been hardest hit.
MONTGOMERY, IL-While building a 1-million-sf facility next year on a 57-acre site it bought at CenterPoint Intermodal Center, DSC Logistics adds 101,700 sf and three years to a lease at 900 Knell Rd., where it already has 815,300 sf.
SCOTTSDALE, AZ-A 28,355-sf suburban office building brings $3.3 million, or more than $116 per sf, for seller McCormick Ranch Office Investors. International Capital Partners is the new titleholder.
ORLANDO-Although occupancy is up by four percentage points from year end 2000 to 93.6% and demand remains strong, only seven apartment properties were sold in the first half, six of them class B assets, a new analysis by the Orlando office of CB Richard Ellis shows.
WOODRIDGE, IL-The multifamily REIT and union pension fund will build AMLI at Seven Bridges, a development worth $158,000 per unit, in a 405-acre master-planned community in this I-55 Corridor suburb.
LONDON-A new survey of RICS members points to a significant fall in occupier demand for commercial property, with a majority of members reporting a decline. The office and retail markets, particularly in London, have been hardest hit.
VAIL, CO-Vail Resorts plans to spend another $20 million renovating the 349-room Vail Marriott Mountain Resort, the largest hotel in the Vail Valley. It will be managed under a Marriott International franchise agreement.
DALLAS-Cafe Brazil, Interstate Battery and Dollar Tree have selected new locations in Ft. Worth, Carrollton and Duncanville. Meanwhile, Rooms to Go, which is in the midst of a Texas expansion, has relinquished a site in Mesquite to Bally's Total Fitness.
WOODINVILLE, WA-The project is part of HPD strategy of building "urbansenior" living communities -- facilities located in cities, near retail districts. This one is near TRF's recently completed 450,000-sf center.