Search Results

ATLANTA-The newly-formed joint venture of BellSouth and Texas-based SBC Communications plans to lease about 300,000 sf in the 20-story, 414,200-sf tower, about 15 miles from Downtown, industry sources speculate. But no lease has been signed and none of the parties is talking.

PHOENIX--The city of Tempe has granted a California developer a 90-day extension to complete an agreement to build a $48-million aquatic center on the shores of Tempe Town Lake.

BOSTON-Known for years as the home of the city's powerful Boston Coordinating Committee, the nine-story, 107,000-sf office building sold for $26 million, $16 million more than what it traded for three years ago.

PHOENIX-A long-awaited third runway opened on Thursday at Phoenix Sky Harbor International Airport, the fifth busiest airport in the nation. The runway is expected to help ease delays.

WASHINGTON, DC-A new Starwood Capital study identifies ways for investors to compare foreign real estate investments against a US benchmark rate of 20%. Borrowing by foreign governments and land use controls factor heavily in the outcome.

SAN JOSE, CA-Work is underway at the former Del Monte cannery site on downtown's edge, which is being redeveloped into an upscale loft and apartment complex, the first units of which are expected to be on-line in spring 2001.

DENVER-L.J. Melody & Co. has arranged $30 million in financing for the Breakers Apartments, the first new breed of luxury apartments in the Denver area. The financing is being provided through CIGNA to the Denver owners and developers.

LOS ANGELES-Fannie Mae and California strike a deal to save more than 23,000 subsidized apartments from converting to market rental rates.