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NEWARK, CA-The Marriott Residence Inn and Courtyard by Marriott, both of which started construction this week, are being developed by Pacific RealEquities.
CHICAGO-Booz Allen & Hamilton Inc. signs a 12-year lease for a 122,000-sf office building in McLean, VA to be owned by Equity Office Properties Trust. Trammell Crow Co. will build the six-story EJ Randolph II.
ALAMEDA, CA-The struggling electronics retailer has given up its San Francisco digs in favor of cheaper rents across the Bay. Good Guys will move its 140 workers into a new 31,000-sf office next month.
AUSTIN-SigmaTel Inc.'s staff is busy unpacking boxes and setting up desks in a 46,000-sf spot at 3815 S. Capital of Texas Highway. The headquarters move brings 11,000 sf more in office space and a plan to hire up to 70 more workers.
LOS ANGELES-Government prosecutors win two battles in the war against housing fraud and slumlords. One woman who illegally collected nearly $33,000 in rent subsidies gets four months in jail, another is ordered to make a charitable contribution for safety violations.
VANCOUVER, WA-Clark County officials have given the nod to a proposed $78-million special events complex in Downtown after learning that Bank of America has offered to finance the project at considerable savings.
NEW YORK CITY-Ventures now stalled could come off the shelf as the capital markets place a bet on the casinos. Las Vegas is expected to make the best of the deal.
OVERLAND PARK, KS-The three building, 490,000-sf complex is one of the most highly visible office buildings along College Boulevard here. The property is being marketed by the Dallas office of CB Richard Ellis Inc.
BOSTON-Lowe's Cos., the world's second largest home improvement retailer, plans to invest $430 million to open 25 superstores in this area over the next five years. The move is part of a $1.3 billion northeast expansion by the company.