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AUSTIN-Most of Austin's submarkets has stabilized, save for the northwest. The high-water mark keeps rising and the latest accounting is 2.5 million sf, of which 68% is in the high-tech's favorite watering hole.
FT. WORTH-First American Bank, based in Bryan, TX, will break ground in 120 days on an estimated $800,000 project in Beechwood Business Park. The ground zero opportunity is a good fit for the bank's rollout strategy in the DFW area, Houston and Austin.
NEPTUNE, NJ-Garden State Hi-Tech Park LLC has signed the New York-based technology development firm to outfit its 180-acre, four million-sf project for a range of tech-based users.
NEW YORK CITY-One of several US cities competing to host the 2012 Olympics, NYC2012 submitted its proposal to the US Olympic committee today, Friday, June 1. The plans outline monumental development of new infrastructure and facilities.
WASHINGTON, DC-The Securities and Exchange Commission has signed a 14-year lease valued at approximately $400 million for space in an office building to be constructed by Louis Dreyfus Properties LLC.
HOUSTON-Holliday Fenoglio Fowler has completed its move from the CBD to the West Loop-Galleria submarket. The firm has signed for 14,467 sf at One Post Oak Central, a 396,000-sf, class-A office building.
MIAMI-The locally based real estate investment trust discloses a need to redeem a number of its outstanding shares of common stock to comply with federal tax laws.
BOSTON-A judge rules that the city administration was justified in not allowing the South Boston Betterment Trust to develop housing on city-owned land. The case was politically charged because of a recent scandal.
SEATTLE-It's out with old as a developer plans to tear down an old retail asset in order to put up a mixed-use project. A keystone in the development is 51 condo units.