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SADDLE BROOK, NJ-The various market indicators are still trending positive, continuing one of the greatest real estate booms the Garden State has ever enjoyed. This is in large part due to the shift in usage.
WASHINGTON, DC-The House Transportation Committee chairman blocked a Department of Transportation request for $450 to $750 million to buy a HQ facility the month before the General Services Administration was expected to announce a new 20-year DOT headquarters lease.
HOUSTON-A $350-million makeover is under way at Bush Intercontinental Airport where the gate count will double, runways will be added and pollution will be cut by 90%. It's all part of a master plan that marks the largest expansion in the airport's history.
MUKILTEO, WA-The building, owned by Dallas-based WiredZone, has 350,000 sf of office space considered the largest block of high-bandwidth Class A office space currently available in the greater Puget Sound region.
BOSTON-Duetsche Bank analyst Amy Young gives REIT Boston Properties a strong buy investment rating on its shares based on its development pipeline, quality assets and well-managed balance sheet.
WASHINGTON, DC -A DC Council committee gave Dominion Development about six weeks more time to line up retail tenants for the Camp Simms project and convince the city it can finish the project.
LAKEWOOD, WA-Kentucky-based Great Northwest Development Co., which is planning a $130-million theme park here, has found a new, 80-acre site that is more accessible to Interstate 5 and a future commuter rail station than the 100-acre site originally picked.
ATLANTA-The 13-year-old, 1,500-acre Gwinnett Progress Center has 4.5 million sf developed or under way in class A office, office/warehouse and bulk distribution products.
ATLANTA-The locally-based firm continues as one of the industry's top-performing REITs. Cousins-owned office buildings are 98% leased; retail centers 95% leased; and medical facilities, 86% leased.
ATLANTA-The price of the 24-year-old, South Plainfield, NJ building is on the high side but the locally-based REIT expects the deal to pay off over the long haul. Motorola's lease has an estimated value of $59 million.