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DALLAS-A Dallas-based law firm has snagged an extra 22,002 sf in a sublease pact with Computer Associates. McKool Smith, which leases some 50,000 sf, is moving into the extra space at The Crescent in August.
ORLANDO-Appeals Court sends bizarre land deal case back to Circuit Court for a new trial, possibly in October, GlobeSt.com learns. Meanwhile, Universal's 70-acre, $100-million vacation rental venture in southwest Orlando is on hold until the issue is resolved.
ORANGE COUNTY, CA-As the lack of new construction keeps demand for industrial product high in Orange County, the region's industrial market has remained fairly stable, according to a recently released report by Voit Commercial Brokerage.
HOUSTON-A Houston-based charitable trust is looking to make some quick money on a property in the city's near west submarket. The new owner to a 4,791-sf retail building and 11,652 sf of land has just closed the buy and has it back on the market.
LONDON-CB Hillier Parker's latest UK Rent and Yield Monitor shows property values falling in West End offices and high street retail. Occupier demand is patchy and rental values have eased back in some markets.
BOSTON-Developer Frank Keefe reportedly has his eyes on Saint Anthony Shrine, the Franciscan Friar's chapel here in the heart of Downtown, into a 30-floor office tower. The $200-million project would replace one of the area's most well known chapels.
CHICAGO-Commercial real estate developer and investor Jupiter Realty Corp. buys four South Carolina warehouses with 510,400 sf from Duke-Weeks Realty Trust. The properties are in an industrial park 10 miles west of Spartanburg.
DEARBORN, MI-The loan is secured by 272,000-sf Village Plaza office building, where Oakwood Hospital rents about half the space. The 10-year loan, amortized over 30 years, has an interest rate of 7.54%.
LONDON-Southwark, on the south bank of the Thames, has outstripped all other areas of London with a 5.8% leap in house prices in May 2001, and a 9.4% uplift in the first half of the year.
Recently-listed Halladale has unveiled increases in net asset value and pre-tax profits. And in spite of economic uncertainty it is stepping up its development programme.