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BELLEVUE, WA-The 450-foot tall, 32-story structure would be the largest office building in Downtown Bellevue by some 320,000 sf. Wright Runstad would develop the project for Equity Office Properties Trust, which already controls more than 50% of the Downtown space.
ROMULUS, MI-The new 97-gate, $1.2-billion terminal, dubbed the Midfield Terminal by Northwest Airlines, should be called "McNamara Terminal" in honor of Wayne County Executive Edward H. McNamara, according to commissioners.
CHICAGO-Two tenants expand space in Downtown class A buildings in signing two of the largest leases of the year. Piper Marbury Rudnick & Wolfe stays at 203 N. LaSalle St.; Credit Suisse First Boston Corp. at 227 W. Monroe St.
NILES, IL-A lease deal here provides a case study on the roller-coaster ride taken by dot-com players jumping in from other industries, as well as the property owners who leased space to them.
WASHINGTON, DC-The group is calling on HUD and the OMB to rework how they're doling out dollars to insurance programs that back affordable housing. Mortgage bankers also want the Fed to restart its multifamily mortgage-insurance plans.
BOSTON-A Catholic community center being developed here in South Boston has stirred up a controversy as mayoral candidate Peggy Davis-Mullen contends that the center is replacing low-income housing units. The city maintains that affordable housing will be developed on the site.
ATLANTA-An unidentified pension fund advised by Heitman Capital Management of Chicago sells the 31-year-old, 18-story, 270-unit tower at fast-developing Peachtree Road and Lindbergh Drive for $28 million or $103,703 per unit. A condominium conversion could be in the works.
REDMOND, WA-Trendwest Resorts Inc., one of the nation's leading timeshare companies reported record net income of $14 million, or 55 center per diluted share for the quarter ended June 30.
IRVINE, CA-Ditrans Corp's new corporate headquarters is four times larger than its previous location to accommodate growth. Both the former and new office locations are Irvine Company properties.
THE WOODLANDS, TX-Sigma-Genosys will be taking 39,000 sf of a 58,000-sf new building in Research Forest. The project, which just broke ground, abuts the biotech firm's existing operation at 1442 Lakefront Circle for a total of 70,000 sf.