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HOUSTON-Four tenants have finalized pacts for an aggregate 16,969 sf of office space in the metro area. Safety-Kleen has signed for the largest spot with BancTec USA in a close second.
MIAMI-The Florida Legislature closes the 2001 law-making session without final debate on two proposals to financing construction of a new $350 million baseball park with rebated sales taxes and parking surcharge fees.
TUCSON-In a first-time move, Grubb & Ellis Co. has sold a corporate-owned office. The buyer, a shopping developer, had been a Grubb & Ellis employee at one time. The Tucson office will carry the Grubb & Ellis name, but instead be an affiliate.
WASHINGTON, DC-Lower interest rates pushed the sale of existing condominiums and cooperatives to new highs, according to the NAR. Sales were up 5.8% over the fourth quarter and 8.1% over last year.
SHERMAN OAKS, CA-The class A property is located at 15165 Ventura Blvd, outside the sellers core geographic area. Douglas Emmett, on the other hand, already owns two buildings on the same stretch of road.
HOUSTON-Dirt will start flying May 15 on Chateau Court, a 13-acre undertaking of Hillcom Development. The groundbreaking kicks off hotel construction for the three-phase, mixed-use European-style village in the northwest submarket.
MONTICELLO, NY-Local politicians and business interests believe a court decision that shifts regulatory approval power from Governor Pataki to the State Legislature over Indian casinos is not a fatal blow to those who want to bring gaming to the Catskills.
DALLAS-What started as rumor is now fact. Insignia/ESG and Mack-Cali are close to signing a contract to market the REIT's North Texas holdings. Today, a Mack-Cali insider has clarified that it's for just the Dallas-area holdings and not the entire Texas portfolio.
SEATTLE-The transfer will help build Stewart Court, a 65-unit, low-income apartment project in the heart of downtown Seattle. The property is on the same blocks as Clise-Nordstrom's new 1700 Seventh Avenue office building.