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AUSTIN-The investment banker, Stephens Inc., has made its Austin inroad more permanent, signing a five-year lease for a class-A spot in 100 Congress. The Arkansas-based firm has been working out of an executive suite in the building for a month.
BOSTON-A Massachusetts Turnpike Authority official comes out in favor of height limits on buildings built over the Massachusetts Turnpike. This is a switch for the Authority, which has supported large projects to pay for the Big Dig.
BELLEVUE, WA-The company created by the merger of Mulvanny and G2 Architects recently occupied the top three floors of the 134,000-sf MulvannyG2 Building it designed for Hines' 480,000-sf One Twelfth @ Twelfth office complex in Downtown Bellevue.
HOUSTON-Arthur Andersen and the Houston CPA has lured some major real estate players into the classroom to explore clicks for their bricks. With the sessions had come surveys and the results show a lack of e-business capabilities.
DENVER-Mayor Wellington Webb is going against his own task force, created to weigh the fate of the city's Winter Park ski resort. Many task force members are crying "sell," but the mayor instead is seeking a joint venture operating partner.
HOUSTON-Hines and Prime Asset Management will break ground in July on a 689,000-office building. It is the only Houston project in which Hines holds an equity interest. Calpine has spoken for 300,000 sf, ample space for merging its three Houston offices.
DALLAS-The closing's been a long time in coming, says a key player in Pearle Vision's plan to sell part of its national headquarters site in Dallas. Pearle keeps a 90,000-sf regional distribution center and the buyer gets a 140,000-sf building and about half the acreage.
BRIDGEWATER TWP., NJ-An agreement worked out between local officials and SJP Properties will give the community a new municipal home and SJP the right to build another 360,000 sf of office space.
BELLEVUE, WA-Average class A asking lease rates are beginning to reflect a softening market and increases have slowed dramatically from previous quarters. Eastside rates dipped from $31.06 per sf at the end of last year to $30.82 per sf at the end of March 2001.
BELLEVUE, WA-Average class A asking lease rates are beginning to reflect a softening market and increases have slowed dramatically from previous quarters. Eastside rates dipped from $31.06 per sf at the end of last year to $30.82 per sf at the end of March 2001.