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CHICAGO- A contract to manage 100 million sf owned by Delphi Automotive Systems prompts the real estate services company to open offices in Singapore, London, and Juarez. Further expansion is scheduled later this year.
BOSTON-Beacon Capital Partners Inc. submits its proposal to develop the Midway District here on the South Boston waterfront. The $300 million plan will develop 1.75 million sf of space.
JUPITER, FL-The Illinois-based retail pharmacy chain receives technical approval on plans to extend a roadway from the Palm Beach Park of Commerce--a necessary step in getting an OK on final development plats. Jupiter is 75 miles north of Miami.
ATLANTA-The two-building, 310,500-sf Emerging Infectious Disease Laboratory will have a Hot Lab, one of only five in North America that will study viral and rickettsial diseases, AIDS, sexually transmitted diseases, tuberculosis, bacterial and mycotic diseases and hospital infections.
STAMFORD-An investment group led by the Malkin family says it took advantage of an unsettled capital-market environment and has acquired the 810,000-sf First Stamford Place office complex here from TrizecHahn.
OAKLAND, CA-The Alexandria VA-based luxury apartment REIT sells a 188-unit property here for $24.36 million. The company is netting $11.69 million from the disposition after paying off $12.66 million in debt on the property.
BELLEVUE, WA-Still, with 3,244,465 sf of office space under construction, the G&E report speaks of a potential black cloud over the Eastside "...if the venture capital and stock markets continue to winnow away at the ranks of local high-tech firms.
BOSTON-Right after buying the Arch St. site here for $40 million, Congress Group Ventures acquires financing to develop a 31-story tower. The tower is the seventh in a series of major office buildings built in this area in the past few years.
NEWARK-Activity involving so-called telecom hotels has heated up in the state's largest city, and one of NJ's most active brokers is in the game with an older building positioned for a new use.
MOUNT PROSPECT, IL-JC Penney's decision to close its 198,000-sf store at the Randhurst Shopping Center follows the announcement that Montgomery Ward, which has a 212,000-sf store at Randhurst, is declaring bankruptcy.