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ATLANTA-The global pension fund is expected to pick a broker by June 1 to sell its 50% interest in the trophy Three Ravinia Drive building and office properties in Washington, D.C., Cincinnati and other markets. The local office of New York-based Eastdil Realty is on the short list of final candidates.
HOUSTON-Hines jumps on board an energy conservation call, vowing to double its number of EPA-designated Energy Star buildings. Five of Hines' Houston office structures already carry the designation.
NORFOLK, VA-Harbor Group International, based here, purchased the 16-story, 650,000-sf Indianapolis trophy property from National Office Partners. The twin towers, which take up a city block, are nearly fully leased.
FALLS CHURCH, VA-The broadband provider that boasted several giant real estate firms as corporate partners--and had the backing of Microsoft and Sun Microsystems--has filed for Chapter 11 protection.
SAN DIEGO-Crews broke ground in August 2000 on the Aztec Athletic Center/Hall of Fame at San Diego State University, and the project is on target for completion this summer.
FALLS CHURCH, VA-REITs that had teamed up with beleaguered BroadBand Office found themselves scrambling to make sure the fraction of their tenants using the company's services aren't suddenly cut off.
HOUSTON-UniLev Capital Corp. has added the 619,000-sf Phoenix Tower to its Houston portfolio. The investment firm, which has been buying Houston properties for the past decade, has put up $66.5 million for the class-A property.
HOUSTON-Hines and Benchmark Hospitality have opened the doors on the $43-million, 214,000-sf The Chattanoogan, a hotel and conference center. The Tennessee project has been one year in the making.
CHICAGO-Proving it's not how you start, but how you finish, indications are that Boeing Corp. will move its executive suites from Seattle to 100 N. Riverside Plaza in the West Loop. An announcement could come today.