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AUSTIN-Five leases, including one renewal, have been finalized for Austin office buildings. Bechtel Telecommunications has signed the largest pact for space at 2024 E. St. Elmo Rd.
CORAL GABLES, FL-The Houston-based investor/developer paid an estimated $20 million for the 100,000-SF First Union National Bank building and two smaller structures on a 3.2-acre site near this affluent city's Miracle Mile shopping corridor, just south of Downtown Miami.
ORANGE COUNTY, CA-Caribou Industries, headquartered in Santa Ana and already one of the city's largest property owners, has raised its stake in the neighborhood by purchasing the 150,000-sf Park Tower Center for $13.8 million.
ORLANDO-The Orlando division of the Dallas, TX-based homebuilder is erecting a total of 80 single-family residences and townhomes in 15 Central Florida communities with an average price of $186,000.
FRANKLIN TWP, NJ-The long-term fixed-rate package is set by Poole & Co. for Illva Saranno Corp.-owned property. A trio of insurance companies is the major tenant group at the class A office building.
ORLANDO-The Central Florida Regional Transportation Authority, which goes by the name of Lynx, has started compiling data to show Gov. Jeb Bush and the Legislature they should reconsider giving the $68 million project the $8 million it previously pulled back for lack of documentation. New commercial projects would sprout at the various stations, backers say.
NEW YORK CITY-The landmarked Carl Fischer Building's residential conversion is getting attention from buyers, with nine out of the 25 units sold and several retailers in active negotiations for the 20,000-sf, ground-floor space.
SEATTLE-London-based Regus has signed it largest U.S. lease ever, picking has up nearly 100,000 sf in the Seattle CBD. The international business center operator is making headway in its plan to penetrate the U.S. market.
KANSAS CITY-Visitation parish plans to add to the sanctuary, build a new chapel and community center on the lower level. The expansion is one of the largest efforts of Catholic parishes in the country.
DALLAS-A suburban population explosion, particularly north and east of Dallas, is sparking a building boom for more than just multifamily and single-family markets. With it comes a health-care demand that is driving rapid-fire construction.