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DETROIT-Bloomfield Hills,MI firm is building telecommunication hotel complex in Southfield, MI. Lease rates will be between $17 psf and $19 psf , triple net, for 40,760-sf and 44,000-sf buildings in Southfield TechneCenter II.
PALO ALTO, CA-Members a local environmentalist group is fighting proposed development on Stanford University property that it claims will destroy the habitat of the California tiger salamander.
CHICAGO-Office Properties Trust President and Chief Executive Officer Timothy H. Callahan says, "This is probably the only time real estate has gone into a recession where supply and demand is in the balance that we currently have.
LOS ANGELES-A massive rehabilitation project, which entails the addition of 15,000 sf, has begun at Kilroy's office property in El Segundo. The REIT aims to reposition the 39-year-old office building as a Class A property.
SAN FRANCISCO-Equity Office Properties Trust promotes its managing director of leasing for its San Francisco portfolio to senior vice president for its newly created regional office here.
ORLANDO-The Ocala, FL-based general contractor has completed the second 55,000-sf, $1.92 million office phase of the Discovery Lake complex at Orlando's Central Florida Research Park.
ATLANTA-The locally based REIT reported Tuesday that FFO for the fourth quarter plunged 23.1% to $32.3 million, a decrease of $9.7 million compared to the same 1999 period.
HOUSTON-Ambling Development is bringing its University Courtyard design to Texas Southern University. The luxury units have been built on 10 other campuses nationwide. The TSU project calls for 308 units that will be ready for fall.
CHESTNUT HILL, MA-Competition within the assisted living industry heats up as a local developer opens an upscale complex here. The 48-unit center costs $53 million to build and includes hotel-style amenities.
ANTIOCH, CA-The $20-million project is scheduled to break ground later this year and be finished by 2004. Part of the financing will come from Sutter Health, other monies are expected to come from philanthropic sources.