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CLERMONT, FL-Orlando developers of the proposed $1 billion mixed-use venture, shot down by Lake County commissioners last September after developers failed to break ground at the five-year development deadline, argue other projects received additional time after missing similar deadlines. Clermont is 25 miles west of Downtown Orlando.
SAN ANTONIO-KellyUSA has put a $4.9-million wish list into the hands of Washington, DC legislators. The developer of the closed US Air Force Base needs the funding to fast track a road relocation to open up 20 to 25 acres for development.
HOUSTON-Three businesses are joining the tenant lineup at the 365,955-sf Millennium Tower in the city's western corridor. An accounting firm has lined up 11,344 sf of the aggregate 21,911 sf of class-A office space.
AUSTIN-Research and development in Austin might have to take a back seat to logistics and distribution in a few years. Lots of land and proponents hope to turn the corridor into an L&D hub, a potential bolstered by cargo capability expansion at the airport.
DENVER-Mike McKenna, senior managing director for CB Richard Ellis' local office, sees little impact from the company's announcement it will fire workers and take other measures to save about $40 million this year.
LONDON-Specialist Central London investor Derwent Valley Holdings has bought Centric House, a landmark 342,000-sf freehold warehouse building in Shoreditch High Street, London E1
DALLAS-It's not going to happen, say several Texas real estate professionals when asked about the likelihood of electronic transactions. A good portion of the deal can be done online, but clicks just aren't enough to close the deal.
HOUSTON-A valve manufacturer and a tire supplier have found new warehouse spots in the city. The two deals total 17,997 sf in the ongoing race for Houston's industrial space. Nutron heads to northwest Houston and Big State Tire goes to a northern suburb.
MANCHESTER-Arlington, Europe's largest business park developer, is about to start work on the 50 acre Manchester Business Park close to Manchester Airport.
SAN DIEGO-High rents and limited availability threaten to price large numbers of renters out of the county's apartment market, according to a report by Marcus & Millichap Real Estate Investment Brokerage Co.