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ATLANTA-The Westwood, KS-based communications firm's lease at the 941,200-sf Metro Technology Center Atlanta is for at least 10 years with an estimated value of $20 million, area brokers familiar with the transaction tell GlobeSt.com. The lease is the largest of its kind in Atlanta in the last six months.
MIAMI BEACH, FL-The city commission confirms the Miami development company as its first choice to build the planned 170,000-sf project in the community of North Beach in this city, five miles east of Downtown Miami.
LAGUNA NIGUEL, CA-Shea Properties has completed the 45,000-sf Class A office building at Ocean Ranch Village and will complete a 12,600-sf retail building there soon.
HOUSTON-Gea of Texas has taken 7,073 sf of industrial space in west Houston while Dallas-based Occucenters has gone inside the loop for 8,556 sf at 1000 N. Post Oak Rd. Grubb & Ellis Co. has represented the tenants in both deals.
MINNEAPOLIS-The first phase of the Humboldt Greenway housing development on Minneapolis' Northside includes 90 homes and 75 rental units for seniors. The housing development will occur in several phases over several years.
NEW YORK CITY-Manhattan's Midtown South commercial office market has taken the brunt of the "dot-bomb" fallout, according to GVA Williams First Quarter Report. Others say NYC is insulated from a recession.
ROCKVILLE, MD-The REIT says its first-quarter earnings marks the 35th consecutive year of increased earnings per share and 28 consecutive years of increased FFO per share growth.
MEMPHIS, TN-The Memphis-based campus housing developer and the San Francisco-based merchant banking firm are forming a strategic alliance to buy $100 million in student apartments over the next 18 months.
SACRAMENTO-The council purchased the property -- a five-story mill and more than 28 silos -- for $69,000 after the assessors office held an auction for the property no one bothered to bid on it.