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CHARLOTTE-The city is lobbying for a new version of a plan to keep the NBA Hornets in town. A tight timetable for legislative acceptance may make the proposal unlikely.
ST. LOUIS-Plans call for new $370-million stadium for the team, but could spur the development of 400 housing units, 400,000 sf of office space and 135,000 sf of retail and restaurant space--plus a museum and aquarium.
HOUSTON-A Pennsylvania-based high-tech company has taken up residency near NASA in a 399,000-sf power-packed structure. Eduneering has inked a 13,836-sf lease in a TrizecHahn property that has Lockheed Martin and AT&T as tenants.
NEW YORK CITY-Barnes & Noble took the last three years of Conran's lease for 40,000 sf of space when the furniture retailer went bankrupt. Comparable space goes for $35 per sf.
VANCOUVER, WA-The Vancouver Public Facilities District and the Vancouver Downtown Redevelopment Authority are recommending the city sell $50 million in bonds to the Seattle-based investment bank Piper Jaffray, which would market them to individual investors.
SEATTLE, WA-The success of a three-building property south of the 3-acre property coupled with Immunex's planned campus to the north is expected to generate significant interest. The site can support development of an estimated 320,000 sf.
WASHINGTON, DC-Saying that allowing banks into real estate will consolidate market power and hurt small companies, real estate groups stepped up their pressure on Congress to nix the Fed's proposal.
ANDOVER, MA-The medical devices company leases 78,000 sf of space here at Minuteman Park, becoming the sixth company in three months to sign a deal for this project. Five of the project's six buildings are now fully leased.
HOUSTON-Hines will begin pushing dirt this summer on a $300-million undertaking for Winter Sports Inc. The development, which will take eight to 10 years to finish, will serve as the base village for Big Mountain Ski & Summer Resort in Whitefish, MT.
MINNEAPOLIS-The bunkers at the old Minneapolis Fed and Control Data buildings are a good fit for telecommunications equipment. Rents of more than $20 per sf net are being seen, spurring owners to create "telecom hotel" space.