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ORLANDO-Lockheed-Martin Corp.'s new 8,682-sf class A office lease in 100 Gran Park at South Park, south Orlando, brings the defense contractor's space to 71,387 sf in the one-year-old, 100,000-sf building being developed by Flagler Development Co. of St. Augustine, FL.
SAN FRANCISCO-One Workplace takes about 27,000 sf of the 90,000 sf vacated earlier this year by Quakko Sports. The 10-year lease was priced in the low 30's per sf, annually, triple net.
PORTLAND-Only Portlanders remain in the running for Port of Portland's executive director position, which will have overall management responsibility for four airports, five marine terminals and several business parks, among other things.
NEW YORK CITY-The "flight-to-quality" mindset that sent Wall Streeters scurrying from dot-coms back to blue chips has brought net lease deals into favor among building owners. Increasingly, buyers are opting for the security that a long-term, low-maintenance net lease deal can offer.
LONDON-Veteran chairman of the UK's biggest electrical goods store, Sir Stanley Kalms, has launched a scathing attack on the increased bureaucracy being forced on his company and other British retailers by Brussels and Tony Blair's Labour Government.
Our July 23 story, <b>Boston's Downtown Sublease Space Jumps 651%</b> continues to stir up controversy. Here, the source of our data adds his voice to the chorus.
LOS ANGELES-The nonprofit Trust for Public Land gets option from developer to purchase another 20% of the 1,087-acre Westside project. The 193 acres are currently targeted for 4,400 homes and 220,000 sf of commercial space.
SPRING, TX-StanCorp Mortgage Investors, a niche lender, is providing a $2-million loan to Spanish Oaks Center Ltd., owner of a retail property in a suburb north of Houston. GMAC Commercial Mortgage's Houston office put together the fixed-rate financing.
SANTA FE SPRINGS, CA-A family trust acquires 85,377-sf facility here, on the eastern fringe of Downtown LA. It is the latest in a string of local purchases made by relatively small investors.