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CHICAGO- TrizecHahn is negotiationing with Argent Group to make an investment in Clybourn Tech Center. The investment would mark one of TrizecHahn's first forays into the telecom hotel sector following the firm's decision to recycle $1 billion in properties to finance a big telecom hotel push.
KANSAS CITY, MO-The Kansas City Council votes to end the Downtown renovation plan that involved pumping $628 million into transforming the landmark Power & Light Building. Financing problems killed the deal and now Mayor Barnes says she will unveil new plans for Downtown's rebirth next month.
AUSTIN-TechPartners International is tackling the Austin market, signing for 3,526 sf at 700 Lavaca in the downtown CBD's Chase Building. The city's emergence as a high-tech leader sparks the lease signing for the staffing firm, which has 25 offices worldwide.
PHOENIX-The Arizona State Court of Appeals has reversed a ruling that allowed cities to collect impact fees from developers to build schools. This case has been closely watched by every city in the state.
CHICAGO-Telecommunications giant signs for 200,000-sf of telecom hotel space at E-port, the high-tech redevelopment of the former Montgomery Ward Catalog Building. E-port has now leased 600,000-sf of telecom hotel and office space.
SPRINGFIELD, OR-The company plans to break ground here sometime next March and open up shop in early 2002. Of course, these plans predate a 28% drop in the company's share price yesterday.
ATLANTA-EllisDaws is joint venturing the 62-acre Crossroads Distribution Center with Cornerstone Real Estate Advisors in the high-demand Interstate 85 northeast corridor in Gwinnett County.