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COLUMBIA, MD-Corporate Office Properties Trust are all on Alexander Bell Drive in the business park known as Columbia Gateway. This brings the company's total ownership in the park to 710,500 sf.
FORT LAUDERDALE, FL-The Dallas-based hotel company agrees to manage planned four-star hotel adjacent to the Broward County Convention Center in this city, 26 miles north of Miami. The contract's terms and value were not disclosed.
DALLAS-A Dallas businessman has snagged a prime site in the heart of the Greenville Avenue entertainment and shopping district. It's a good investment and will be land banked until the time is right for development, says a broker involved in the deal.
ATLANTA-The Chicago entrepreneur's Equity Office Properties Trust, the area's largest office space owner, shelled out $6.6 million or $942,857 per acre ($21.65 per sf) to MetLife for a seven-acre pad zoned for high-rise office towers.
ORANGE COUNTY, CA-A computer-training school and a communications company sign pacts worth a combined $4.1 million at Pacific Corporate Park. Brokers say the area, with a 16% vacancy office rate, appears to be strengthening.
DENVER-Concerns over an anti-growth amendment on the ballot prompted a rush of permits to be pulled last year, but the measure's defeat means many developers got ahead of themselves, says one multifamily broker.
BERLIN- Commerz Grundbesitz Invest, one of Germany's largest investment groups, is to launch a DM1 billion ($560 million) fund targeted at institutional investors.