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TROY, MI-The city has emerged as Michigan's second richest and Oakland County's largest office market. "I think development has gone far beyond our wildest expectations," Mayor Jeanne Stine tells GlobeSt.com.
HOUSTON-Caldwell Watson has promoted a two-year employee to CFO. Tom Asch had joined the 10-year-old firm as its controller. Now, he's being tasked with fine-tuning financial reporting and investment plans.
AUSTIN-Solectron has just made a decision to withdraw totally from its leased sites in The Domain, a 235-acre, 1.2-million sf development. The company is exercising an early-out lease option, putting another 138,000 sf on the market. It already has vacated 240,000 sf in the project.
HARRISON, NJ-Developer Advance Realty Group will have responsibility for much of a 100-acre site along the Passaic River. The master plan calls for a mix of office, retail and housing.
ST. LOUIS-A 38,900-sf building is sold in St. Louis, and 8.9 acres changes hands in suburban St. Charles. Scott Saunders and Jim Mosby of Colliers Turley Martin Tucker represented the sellers of the building.
MIAMI-An affiliate of Chicago-based Transwestern Investment Co. is building 14,000 sf of leaseable office space atop 16,000 sf of new retail in CocoWalk, a popular, 186,000-sf entertainment complex the company acquired last year in a mostly residential community just south of Downtown.
HOUSTON-Williford Property has snagged another Simmons, Vedder property to manage. This time, the contract takes the Houston-based group to Atlanta, where it will oversee a 31-story, 286,000-sf office structure in the downtown.
ORANGE COUNTY, CA-Tighter lending standards pushed the number of newly built lodging facilities in California last year down nearly 40%, a research firm says. More of the same is expected in 2001.