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ATLANTA-In a consolidation move for its 1,200 employees, UPS Logistics Group is taking an entire build-to-suit, 300,000-sf office building for its new headquarters in 2002 in the 54-acre Opus Woods business park, 25 miles north of Downtown. The 10-year lease equates to a $22 per sf rent, which is the asking average in the park.
SEATTLE, WA-Fortune's Andy Loos tells GlobeSt.com that the two projects will add 141 residential units and 6,800 sf of commercial space to the area if plans pan out in their current form.
POUGHKEEPSIE, NY-The New York State Empire Zone program issued its final report for business growth and Dutchess County's Zone ranked number one for new job creations and value of investment.
COLORADO SPRINGS, CO-Record rental rates and new vacancy lows dominated the Springs year-end account by Grubb & Ellis Co. Intel Corp. was the surprise big player, picking up 861,200 sf of vacant space.
OCEANSIDE, CA-Developer Doug Manchester has presented his scaled-back version of an oceanfront hotel, and his representatives say it's still a first-class resort.
RANCHO BERNARDO, CA-San Diego city leaders have dismissed community concerns about a planned 138-room Homewood Suites by Hilton Hotel Corp. off West Bernardo Drive.
BOSTON-WNW Hospitality Management LLC opens a hotel here in Roxbury, indicating the rebirth of this neighborhood. Millions of dollars in new development are being poured into this area.
CLERMONT, FL-Wal-Mart Stores Inc., turned off by this city of 8,145 permanent residents two years ago, now holds the key to helping the area resolve a multi-million-dollar development by Home Depot Inc.