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MINNEAPOLIS-Padilla Speer Beardsley will anchor the four-story, 80,000-sf building, which is part of city's plans to redevelop the riverfront. The site is part of a former railroad yard and has been vacant for years.
SKOKIE, IL-A report from Alter Group says build-to-suit activity in the five-county market fell 23% in the second half of 2000 and the forecast is for a 15% drop in 2001. The first half was up 25%.
BEND, OR-Developer Bob Dietz has approvals in hand to develop a 14-building retail and office development on 18.4 acres the intersection of Century Drive and Simpson Avenue.
POULSBO, WA-The publicly traded limited partnership acquires approximately 44,500 acres of timberland in southwest Washington from Plum Creek Timber Company Inc., a real estate investment trust.
ST. CHARLES, MO-W.P. Carey & Co. LLC buys a former 38,500-sf AMC movie theatre in the Regency Square shopping center here for $6.5 million and plans to convert it to a 24 Hour Fitness center.
MARLBOROUGH, MA-StarGen relocates its headquarters to a 25,000 sf facility. The company needs the room to grow and preferred to stay in this town, which has acquired a reputation as a high tech center.
CHAPEL HILL, NC-Forty one acres a day of open space are lost to development in Charlotte, says the Environmental Finance Center. Increasing the real estate transfer tax could raise more money for preservation.
NEW YORK CITY-Compared to the S&P 500, the Dow and the Nasdaq, the Morgan Stanley REIT Index turned in an acceptable performance considering those other indices fell 12.7%, 8.0% and 26.6%, respectively.
BELLINGHAM, WA-Georgia-Pacific is closing permanently the Bellingham pulp mill it has operated since 1963 but "temporarily" shut down in December. Washington State has lost approximately 5,000 timber jobs in the past five years.
FARMINGTON HILLS, MI-A $2-million bond finances rehab of a 48,800-sf manufacturing facility here. MK Principals Limited Partnership leases 45,140 sf to K & M Engineering, the rest to Kramer Air Tool Sales and Services.