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WASHINGTON, DC-CarrAmerica broke ground on the office building at 1750 H St., NW. The 111,510-sf building is already 35% leased and is scheduled to be ready to occupy by the end of 2002.
LONDON-Shares in Chesterton International, the quoted commercial and residential agent, fell 25% after a shock profit warning to the London Stock Exchange.
LONDON-Rob Bould, Head of Investment at GVA Grimley has taken over as the new chairman of the Investment Property Forum. One of his goals is to forge alliances with other professional organizations.
SEATTLE, WA-CB Richard Ellis calculates office vacancy rates in downtown Seattle at more than 12% in some areas. Nonetheless, a buyer under the name Seattle Union Station II LLC has paid $261/sf for Opus Center South.
AUSTIN-Michael Stone, a director for the now-defunct StorageProvider, has been picked to set up an Austin office for Dallas-based Cawley International. Stone already is working with a national account, but he's not identifying the client as yet.
ATLANTA-The Minneapolis electronics retailer's 748,000-sf, center in Dublin, GA is providing 250 jobs, 243 of them locally hired. Dublin is 180 miles southeast of Downtown Atlanta and in the center of what is becoming Georgia's wholesale distribution crossroads, according to Gov. Roy Barnes.
DALLAS-Wyndham International will be managing a 189-room hotel that will deliver in January near the New Orleans airport. It's the Dallas-based hotelier's fifth in the market. Also, Wyndham has named a new senior vice president of diversity.
SOLANA BEACH, CA-There is no construction schedule yet, but city officials said it would probably take at least six months for the city to draw up more detailed plans to submit to the Coastal Commission.
SACRAMENTO-Santa Ana-based Passco Real Estate Enterprises has acquired Bradville Square, a 95,000 sf retail center in Rancho Cordova that is anchored by a Ralph's grocery store and valued at $4.2 million.
LOS ANGELES-Robert Pernell says he will recommend that plans for the 53-megawatt plant be rejected by the full Energy Commission, noting neighborhood opposition and air-quality concerns.