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PHOENIX-As the deadline for proposals nears, Tempe's mayor has asked the mayors of other East Valley cities to band together to land the Arizona Cardinals' $335-million football stadium.
STAMFORD, CT-The 482,852-sf International Paper Building has been sold for $105 million to 400 Atlantic Associates LLC, a partnership of three separate companies. International Paper will then lease space on four floors of the building.
NEWPORT BEACH, CA-Edwards Theatres Circuit Inc. has assumed leases on a megaplex in Aliso Viejo, CA and one in Boise, ID that the company had previously sold under a sale/leaseback arrangement with an entertainment-related REIT.
SEATTLE, WA-The "SPU Master Plan Standing Advisory Committee" will make sure SPU complies with the Plan, which calls for the addition of some 400,000 sf of academic and residential construction between now and 2015.
COTTAGE GROVE, OR-The locally-grown company is now largest producer of modern yurts in the world. The firm sold 400 yurts in 2000, up from 330 in 1999, and expects similar growth in 2001.
BOSTON-Local activists opposed to the new Fenway park project, are angered over the Fenway Planning Task Force's zoning proposal that includes the new ballpark in its recommendations.
MINNEAPOLIS-Despite adding nearly one million sf of new construction, vacancy rates in the West submarket remain stable at just under 10%. The market also has more class A space than class B space for the first time.
ORLANDO-Both sides feel they have the better bargaining hand in a dispute over who came up first with the idea for the three-year-old, 150,000-sf Wide World of Sports complex at Walt Disney World's 30,000-acre enclave in suburban Lake Buena Vista, FL. A settlement for a lesser amount would avoid an expensive hearing shortly before the Fifth District Court of Appeal in Daytona Beach, FL.
DALLAS-Macfarlan Real Estate Services has made a strategic decision to turn over leasing duties for better than half of its Dallas portfolio. Stream Realty Partners is the winner of the lucrative deal for the class-A trio.