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WALTHAM, MA-Public Storage Inc. purchases the Fotobeam/IKON site here. A series of developers who were never able to get approval because of the property's constraints have eyed the site.
FAIRFIELD, NJ-The solid economy has sent prices sky-high, and if the year ahead turns out to be one of leveling growth or even a downturn, some of the players could move on, according to one report.
FAIRFIELD, NJ-The solid economy has sent prices sky-high, and if the year ahead turns out to be one of leveling growth or even a downturn, some of the players could move on, according to one report.
WASHINGTON, DC-Trammell Crow Co. will serve as the leasing agent for two new telecommunications buildings, the first to be built within city limits specifically with data centers in mind.
CHICAGO and MENLO PARK, CA-The deal makes the new company the No. 1 or 2 office property owner in nine the top 10 markets. "This business is changing," says chairman Ned Spieker, who gets an EOP board seat.
KANSAS CITY-Rezoning of the Central Industrial District for lofts is met with opposition. However, other property owners favor plans by 3rd Millennium Developers to develop 34 lofts in a used tire warehouse.
ROYAL OAK, MI-Slightly more than four acres are bought back by this city after three years went by with only condominiums completed. The city never saw commercial development promised by Tri-Mount Vincenti Corp.
LAUDERDALE LAKES, FL-Fort Lauderdale-based HyperNap.com Associates is buying 16.2 acres and an existing 177,000-sf building from J.C. Penney Properties Inc. to erect the two-phased Lauderdale Lakes Technology Center.
SEATTLE, WA-The central business district was hardest hit, with 47% of the total within its borders. Then again, says Colliers, there are currently tenants looking for 1.3 million sf in Seattle within the next six to 12 months.