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DENVER-Denver voters most likely will get their say about a $55-million subsidy to developers for the planned $220-million Hyatt Regency Hotel. The opposition camp says no money unless Hyatt agrees to remain silent as the hotel union courts workers.
PRINCETON, NJ-A range of tenants, from a top financial brokerage to a battery manufacturer, sign on at the 16-building, the class A Carnegie Center, which has the rights to develop another two million sf.
FORT MYERS, FL-The low-key Flagler County-based development group assumes an option on 2,500 acres near Florida Gulf Coast University, then negotiates another option to acquire an adjoining 2,000 acres from Alico Inc., GlobeSt.com has learned from public records. Fort Myers is 118 miles northwest of Miami.
TINLEY PARK, IL-The booming submarket is missing one thing, says Illinois Development Finance Authority executive director Patrick E. Rea - "a research university to support 21st-century type businesses.
MINNEAPOLIS-Big surge in subleased space is part of the reason for a rise in the office vacancy rate to more than 10%, the first time it's been there in five years, according to a Grubb & Ellis report.
SEATTLE-The Alexandria, VA-based REIT paid $129.3 million for a total of 995 units in Issaquah, Lynwood and Everett as part of a nine-property portfolio acquisition from developer Trammell Crow Residential.
THE WOODLANDS, TX-A construction milestone will be reached April 24 when the 30-story Anadarko Tower tops out. The 800,000-sf project will deliver in spring 2002, giving the energy company some 1.1 million sf of office space in The Woodlands.
PHOENIX-An appellate court ruled Monday that the Diamondbacks got a two-acre parcel in downtown for far below its value and still owe the owners of the land nearly $6 million.
CHARLOTTE-Buyers can inspect the 133,400-sf, 18.5-acre property April 26. Sealed bids are due May 7. Chicago-based Jones Lang LaSalle is handling the local sale and 20 other big-box assets in several markets.
AUBURN HILLS, MI-Two Class A office buildings provide opportunities near Oakland University campus here. Grubb & Ellis of Southfield is marketing 126,000 sf of vacant space in Cambridge Court Phases I and II.