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SAN FRANCISCO-In what just might be the strangest real estate story of the year, Maritime International is planning a $150-million floating hotel and conference center that would be an exact replica of the Titanic.
FAIRFAX, VA-Prentiss Properties has broken ground on its third building in Willow Oaks, starting the last phase of development for the 387,469-sf park that it acquired in 1998.
DALLAS-WiredZone snags an eight-year, 85,000-sf lease for CombiMatrix Corp., which is relocating its headquarters to the 350,000-sf Harbour Pointe Tech Center in Mukilteo, WA. WiredZone recently has added the tech center to its growing portfolio.
PALO ALTO, CA-Two foundations sponsored by the Packard family will help fund two separate Silicon Valley projects: a new medical center at Stanford University, and five day-care centers for the Redwood City School District.
AUSTIN-United Dominion Realty Trust is following the high-tech market for multifamily developments. Two projects are under way in the Austin region and another is on the drawing boards for Round Rock.
SADDLE BROOK, NJ-The various market indicators are still trending positive, continuing one of the greatest real estate booms the Garden State has ever enjoyed. This is in large part due to the shift in usage.
WASHINGTON, DC-The House Transportation Committee chairman blocked a Department of Transportation request for $450 to $750 million to buy a HQ facility the month before the General Services Administration was expected to announce a new 20-year DOT headquarters lease.
HOUSTON-A $350-million makeover is under way at Bush Intercontinental Airport where the gate count will double, runways will be added and pollution will be cut by 90%. It's all part of a master plan that marks the largest expansion in the airport's history.
MUKILTEO, WA-The building, owned by Dallas-based WiredZone, has 350,000 sf of office space considered the largest block of high-bandwidth Class A office space currently available in the greater Puget Sound region.
BOSTON-Duetsche Bank analyst Amy Young gives REIT Boston Properties a strong buy investment rating on its shares based on its development pipeline, quality assets and well-managed balance sheet.