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COSTA MESA, CA-The 1901 Newport Plaza complex was the former corporate headquarters site for the now defunct Pacific Federal Savings and Loan Association.
NEW YORK CITY-In the latest poll of GlobeSt.com readers, a surprising majority said most new business are popping up in suburban markets and most predicted that real estate values will stagnate in 2001.
CAROL STREAM, IL-Standard Register renews a lease for 184,574 sf at 900 Kimberly Dr. in this western suburb of Chicago and will take an additional 90,773 sf in the building owned by LendLease.
DUBLIN, CA-The Shops at Waterford by Shea Properties will eventually feature 130,000 sf of retail and restaurant space and a 390-unit apartment project at the corner of Dublin and Tassajara roads.
ORLANDO-Inland Retail Real Estate Trust Inc. of Oak Brook, IL is shelling out $9.55 million or $157.74 per sf to Georgia-based Oak Vest for the five-month-old, 60,539-sf, 100%-leased West Oaks Towne Center in suburban Ocoee, FL.
AUSTIN-An ownership change has brought a new property manager on board for the 200,000-sf, three-building Park 22 office development. The contract is Insignia/ESG's first in the Loop 360 submarket.
BOSTON-Putnam Investments plans to lay off 256 of its workers. The mutual fund firm insists, despite industry speculation, that the move will not impact any of its facilities here or in Andover, Norwood and Franklin.
CHARLOTTE-The fourth-quarter 7.65% overall vacancy level could reach 10% or 11% this year before edging downward again, CB Richard Ellis Inc. analyst Ryan Clutter tells GlobeSt.com. Downtown's vacancy is only 2.17%.
HOUSTON-Another vacant Food Lion has been sold. This one's a 42,000-sf building on about five acres that will be used for a satellite campus of Houston Community College Southwest. The college has bought the holding from the Fleishman Trust.