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DETROIT-Most of additional 65,000 sf of space added during the $30-million redesign and renovation is used for exhibitions for the estimated 500,000 visitors Detroit Science Center draws every year.
ATLANTA-The subsidiary of locally based Lane Cos. has sold 47 out of the 60 condominium units at Freedom Lofts for a total $10.34 million or an average $220,000 per unit. The lofts are in the renovated National Linen Service Warehouse across from the Carter Center in the Ponce-Highlands neighborhood.
BOSTON- After hiring a lobbyist to push for approval of a casino, speculation runs rampant about the Wampanoag tribe's plans to build a gaming venue in this state. But it is clear that legislators here are not behind the proposal.
HOUSTON-Weingarten Realty is delivering a Q2 dividend of 79 cents per common share to its stockholders, a 4-cent jump from Q2 2000's dividend. Recent acquisitions and 422 new leases, totaling 1.7 million, spark the return and a 9.5% jump in FFO.
SPOKANE, WA-Thanks to a $3.8 million gain related to a fire, EPS for the second quarter was 35 cents; more than double what it otherwise would have been, masking a 2% drop in revenue due to lower occupancy levels.
LONDON-One of the country's largest mortgage lenders says that the housing market is booming at an 'unsustainable' rate, sparking fears that a plunge into recession could be just round the corner.
SAN DIEGO-A deal between Catellus Development Corp. and a Vancouver, Canada-based developer virtually assures Downtown will see its most aggressive high-rise project in more than a decade.
LOS ANGELES-The 38,400-sf building has been sold by a family trust. It is the latest in a string of transactions to occur in the county's tight industrial market.