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WATERTOWN, MA-In what could be one of the first major commercial real estate deals for 2001 in this area, Harvard University is reportedly considering acquiring Arsenal on the Charles, a 30-acre mixed-use complex here.
SAN FRANCISCO-The clothing manufacturer gains development rights to a 3.79-acre bayfront parcel it is marketing for sale. The property has room for 450,000 sf of leasable space and is zoned for commercial, retail or industrial under the city's Mission Bay Rdevelopment Plan.
GRAND PRAIRIE, TX-Triple L Industries has grabbed some extra space and a new address. The 20,000-sf lease is just one of three inked recently by Henry S. Miller Commercial's Arlington team.
NEW YORK CITY-The property, purchased for $22 million, is worth $30 million, according to the firm that bought it. A distinguishing sculptural screen, which belongs to the former owner, Chase Manhattan, will remain as long as Tahl Propp owns the building.
LUTHERVILLE, MD-Mid-Atlantic Realty Trust's latest Baltimore County project is 100% leased. The shopping center's anchor store, the supermarket chain store Super Fresh, just opened this week with 58,000 sf.
TINTON FALLS, NJ-The real estate company will take about one-third of a class A building currently under construction along the Garden State Parkway in this Monmouth County township.
ORLANDO-The locally based timeshare developer reported fourth-quarter earnings of 40 cents per diluted share, up 33%, on revenue of $146.5 million, up 22%. The company is scheduled to merge with New York-based Cendant Corp. April 2 in a previously-announced stock-cash deal valued for at least $635 million.
CLEAR LAKE, TX-Developer A. Brent Coon Interest has found a sweetheart of a location for a medical office project. The developer will be closing on a two-acre tract in Clear Lake, just across the street from a regional hospital.
NEW YORK CITY-In a move that caught more than a few people by surprise, former President Bill Clinton has nixed plans to move into the pricey Midtown office tower, opting--under much public pressure--for cheaper space. The frontrunner now is 55 W. 125th St.