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NEW YORK CITY-As Chase's new lease at 245 Park Ave. was becoming public knowledge yesterday, its employees were telling GlobeSt.com they believe the future of their jobs with the bank is shaky at best.
MARGATE, FL-The 21,145-sf asset at 9705 S. State Road 7 sold for $1.2 million or almost three times its 1981 price of $499,000 ($23.60 per sf). The Broward County property is 35 miles north of Downtown Orlando.
ORLANDO-Buyers are plunking down deposits at an unprecedented pace for three-bedroom homes priced from the $110s to the $130s in this new 1,500-acre, mixed-use Avalon Park community in east Orange County, about 10 miles from Downtown Orlando.
PHOENIX-An international manufacturer of antennas used by mobile-phone makers has relocated its international headquarters to a 116,000-sf office building, on the former site of a cotton field in east Phoenix.
SALINAS, CA-City officials here are trying to negotiate a settlement the city of San Jose that would stop a lawsuit Salinas is preparing to file with regard to Cisco Systems' 688-actre Coyote Valley Research Park.
EL DORADO HILLS, CA-Dallas, TX-based Wilcox Development Services has broken ground on a four-building developmeny here - 30 miles outside Sacramento - that will be occupied by Blue Shield of California.
DULUTH, MN - Home Depot is leading developments Duluth and St. Cloud area, and other retailers are still active, according to a report to members of the Minnesota Shopping Center Association.
CHICAGO-The owners of the Hyatt Hotel chain are looking to build big in Chicago's Loop, a new headquarters building for the hotel company that might be in the same league (1 mil+ sf) as One North Wacker, currently under way down the street.
BOSTON-The buyout offer made to CB Richard Ellis by an investor group led by Blum Capital Partners made a major news splash. But one local CB executive believes the impact here will be minimal.