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DETROIT-The new designated areas will give businesses more tools to begin and continue development there. Boundaries of Renaissance Zones in Detroit as well as across the state were widened.
STAMFORD, CT-Teleglobe Inc., an overseas telecommunications company, has signed a lease for 11,193 sf of space at 1351 Washington Blvd., according to Colliers ABR Inc., which brokered the deal.
POINCIANA, FL-Avatar Properties Inc. of Coral Gables, FL wants to step up development at its 1,200-acre Poinciana Office & Industrial Park, 20 miles south of Downtown Orlando and 10 miles south of Walt Disney World. The company sold 25 acres valued at $2 million in 2000.
AUSTIN-The Finger Cos. has shelled out $5 million for 36.4 acres at Stratus Properties' Lantana project, with full intention of taking it to the maximum build-out. A 403-unit multifamily project will get under way in this year's second quarter, says a company exec.
LIVERMORE, CA-Phoenix-based Opus West Corp. bought the property from the Iacono Family Trust. Opus plans to use the acreage for development of a six-building industrial complex. Construction should begin in April, with completion of the first phase scheduled for December.
AUSTIN-An upscale furniture retailer has signed for 5,234 sf at West Sixth Marketplace, marking its entry into the Austin market. Plus Klasse, which has a store in Houston, has its sights set on Mexico City for its next location.
DENVER-Mayor Wellington Webb, a long-time union supporter, has ordered the aviation manager for Denver International Airport to referee a simmering dispute over unionization efforts for future hotel employees. The city is issuing an insurance policy for strict neutrality in lobbying workers.
DALLAS-G. Ronald Witten is leaving M/PF Research after spending 22 years to make it a leading multifamily data provider. Investment counseling is his new calling and he is negotiating for space so the venture can be up and running by month's end.