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DALLAS-In an ambitious undertaking, Medical City Dallas will spend $200 million to expand and renovate 756,613 sf at its sprawling North Dallas campus. The project gets under way in summer or fall and will take three to five years to complete.
ORLANDO-Paul Straubinger of Realvest Partners Inc. is scouting Sanford, FL for new development sites to house 5,000 sf to 20,000 sf buildings for niche tenants that require more open yard space than interior office/storage room.
NEWPORT BEACH, CA-Classes are already being held on the 109,000-sf campus of Sage Hill School, which features state-of-the-art communications technology throughout.
PHOENIX--One day after filing for bankruptcy, Scottsdale-based Finova saw its stock rise nearly 18%, an optimistic sign that a $6 billion restructuring plan could become even sweeter as creditors push for a greater return.
AUSTIN-One too many clients had questioned Austin's investment climate, prompting Holliday Fenoglio Fowler to look at the numbers. All eyes had been on the drkoops instead of the city's true economic drivers.
IRVINE, CA-Household Commercial of California, a subsidiary of Household Financial Services, has sold the three-building business park, which is 90% occupied.
BEDFORD PARK, IL-Location was a driving factor in the Federal Reserve Bank of Chicago's decision to lease a one-story building at 4944 W. 73rd St. A new roof and other improvements also sweetened the deal.
CHICAGO-Two churches in suburbs bordering the city are undergoing major renovations. Keeley Construction, Inc. is doing work at First Presbyterian Church of Evanston and Saint Giles Roman Catholic Church in west suburban Oak Park.
HOUSTON-The 220-unit Madison Park in the city's Westchase submarket has pulled $23.5 million from Stone Post Properties of Hackensack, NJ. The seller is San Francisco-based SSR Apartment Value Fund LP.
AUSTIN-Hoover's is following suit with other operations that have retreated in recent months. Gone will be offices in Reston, VA and Linthicum, MD while the Austin home port will be consolidated in May when a building conversion is capped.