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WASHINGTON, DC-Trammell Crow Co. will serve as the leasing agent for two new telecommunications buildings, the first to be built within city limits specifically with data centers in mind.
CHICAGO and MENLO PARK, CA-The deal makes the new company the No. 1 or 2 office property owner in nine the top 10 markets. "This business is changing," says chairman Ned Spieker, who gets an EOP board seat.
KANSAS CITY-Rezoning of the Central Industrial District for lofts is met with opposition. However, other property owners favor plans by 3rd Millennium Developers to develop 34 lofts in a used tire warehouse.
ROYAL OAK, MI-Slightly more than four acres are bought back by this city after three years went by with only condominiums completed. The city never saw commercial development promised by Tri-Mount Vincenti Corp.
LAUDERDALE LAKES, FL-Fort Lauderdale-based HyperNap.com Associates is buying 16.2 acres and an existing 177,000-sf building from J.C. Penney Properties Inc. to erect the two-phased Lauderdale Lakes Technology Center.
SEATTLE, WA-The central business district was hardest hit, with 47% of the total within its borders. Then again, says Colliers, there are currently tenants looking for 1.3 million sf in Seattle within the next six to 12 months.
SPOKANE, WA-With a major, new contract waiting in the wings, the local biotech company Biomedex Inc. is counting on construction of its new 60,000 facility to move quickly and stay on schedule.
DETROIT-Fueled by the city's activity, Michigan again wins the top award in the nation as the state recording the highest number of new and expanded corporate announcements during the year.