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FRANKLIN TWP, NJ-The long-term fixed-rate package is set by Poole & Co. for Illva Saranno Corp.-owned property. A trio of insurance companies is the major tenant group at the class A office building.
ORLANDO-The Central Florida Regional Transportation Authority, which goes by the name of Lynx, has started compiling data to show Gov. Jeb Bush and the Legislature they should reconsider giving the $68 million project the $8 million it previously pulled back for lack of documentation. New commercial projects would sprout at the various stations, backers say.
NEW YORK CITY-The landmarked Carl Fischer Building's residential conversion is getting attention from buyers, with nine out of the 25 units sold and several retailers in active negotiations for the 20,000-sf, ground-floor space.
SEATTLE-London-based Regus has signed it largest U.S. lease ever, picking has up nearly 100,000 sf in the Seattle CBD. The international business center operator is making headway in its plan to penetrate the U.S. market.
KANSAS CITY-Visitation parish plans to add to the sanctuary, build a new chapel and community center on the lower level. The expansion is one of the largest efforts of Catholic parishes in the country.
DALLAS-A suburban population explosion, particularly north and east of Dallas, is sparking a building boom for more than just multifamily and single-family markets. With it comes a health-care demand that is driving rapid-fire construction.
NEW YORK CITY-Multifamily housing offers the most promise, thanks to baby boomers and echo boomers, the industrial market appears stable but the lodging industry, with lots of product in the pipeline, may suffer a setback as the economy slows.
DENVER-Nortel Networks will occupy 83,000 sf in Peakview Tower, the city's newest class-A office project. More deals are expected to break soon, with all eyes on a 50% occupancy level by week's end for the $40-million tower.
HOUSTON-A Philadelphia-based hotel repositioning specialist now owns the Houston Galleria Red Lion. The $20-million deal is mortared with a short-term franchise agreement with Hilton calling for a shutdown in late spring for a complete overhaul.
CHICAGO-Equity Office Properties Trust launches its FastOffice concept in 10 markets including Chicago, while dotspot, inc., will launch its first high-tech facility at 1 N. Dearborn St. Feb. 12.