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AUSTIN-A $200,000 grant is facilitating a down payment on a second office building for the Austin Symphony. The organization plans to move into the 1117 Red River location in 45 days although it's needs to come up with some matching funds for the donation.
DALLAS-The dissolved joint venture between Panattoni Development and Hillwood Development has disposed of nearly 1.9 million sf of top industrial space in Lewisville and Arlington. It's the first of the joint holdings to come to market.
RALEIGH, NC-The locally based company's directors have declared 28 cents per common share and 58 cents per preferred share for the first quarter, payable April 16.
NAPA, CA-Plano, TX-based EDS will take 10,000 sf in a 122,000-sf building where monthly office rents have been running about $1.30 sf/mo. The developing 386-acre business park is currently home to Internet solutions provider Verio and semiconductor component manufacturer A.P. Technology.
SKOKIE,IL-Fieldworks, Flowmaster USA Inc. and Paynet Inc. have signed leases at the five-story Class A office building in this near north suburb totaling 13,000 sf. Goodman & Associates owns the building.
ORLANDO-John J. Nadler, who rose from branch sales manager seven years ago to president in 1999, tells GlobeSt.com he wants the company to get into project development, title insurance and expand its commercial real estate activities this year.
MINNEAPOLIS- William R. Abel was a senior vice president at Colliers Towle. He now originates, coordinates oversees project development proposals and assignments for Mortenson's customers.
NEW YORK CITY-In what one insider has termed very difficult negotiations, no handshake has come about in Vornado's $3.25-billion bid for the World Trade Center.
SEATTLE, WA-The 47-room Econo Lodge franchise was built by Wen-fan in 1985. The 38-room Ramada Limited opened in late 1998. The purchase price translates to $66,279/room, and the broker says the cap rate would be just over 8%.
CHARLOTTE-Construction lags somewhat but most of Charlotte's 31 million-sf retail inventory is keeping its value, Lincoln Harris brokers tell GlobeSt.com as international shopping center developers open conference here March 19.