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AUSTIN-Construction crews are hard at work on the 123,500-sf Travis Oaks office building going up along Southwest Parkway. There is a lot of interest, but no lease pacts have been signed as yet. It's the summer doldrums, says the broker.
DALLAS-Mack-Cali's planned Texas disposition has wrought its third office building sale in less than two months. The New Jersey-based REIT collects $9.1 million for the 95,509-sf Preston Centre Plaza in Dallas.
LONDON Fairbriar's new Thames-side development in Wandsworth, south-west London, will provide more that 420 residential units plus 150,000 sf of offices. Completion is scheduled between 2003 and 2004.
WHITE PLAINS-Developer Louis R. Cappelli vows he will not walk away from his $300 million City Center at White Plains development and termed recent media reports that stated he made such a threat as "sensationalized.
SPOKANE, WA-Avista Corp. intends to ask regulators in Washington and Idaho to OK an energy surcharge to electricity customers in both states. The surcharge is intended to offset the costs of a severe shortage of hydropower generation and volatile energy market prices.
EL SEGUNDO, CA-In another sign of this LA submarket's strength, all 55,000 sf of space in an empty building originally designed as a tech incubator is instead scooped up by TRW Inc.
DENVER-The area near Coors Field draws the attention of Stephen Owen, whose $40-million Lofts on Park Avenue plan includes renovating an existing 70,000-sf office building as well as constructing 112 new lofts.
BUFFALO GROVE, IL-ITW Paslode renews its lease on 22,567 sf at 1534 Barclay Blvd. in this north suburb. Norman Ross of Arthur J. Rogers & Co. also represents owner and tenant in Data Net Systems' renewal of 10,439 sf.
WASHINGTON, DC-Through its $100-million Consortium Capital equity fund, the Bernstein Cos. of Washington, DC has purchased 1990 K. St. NW. The building is a nine-story office complex with 60,000 sf of retail space.
COSTA MESA, CA-Three of the projects are in Orange County and two are in LA. The deals cover a combined 780,000 sf of space. The others are in LA County, San Diego County and Sacramento.