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GARLAND, TX-A Dallas-area man has secured one of the last big parcels of undeveloped land along Pleasant Valley Road near the George W. Bush Turnpike. Land in that part of Garland has been bringing upward of $19,500 per acre.
HOUSTON-A senior real estate professional has returned to the Grubb & Ellis fold after a seven-month sabbatical to re-start a former business. Doyle Toups says he's back because he misses the team. He now holds title to senior vice president.
MINNEAPOLIS-Change at the top will shift the focus to enhancing the architecture firm's image for creativity. The firm is known for expertise in hospitals and ambulatory clinics, sports stadiums and arenas.
KANSAS CITY, NORTH, MO-The sales involve 22 acres in two commerce centers and one business park in the Northland. Two parcels were sold in the Hunt Midwest Business Park; two more in the Great Midwest Commerce Center.
MORRISTOWN, NJ-Pru moves the 85,000+ sf property, with a financial services-laden tenant roster, for $13.1 million in a CB Richard Ellis-brokered deal.
SUGAR LAND, TX-Boise Cascade is making plans to pull out of Stafford and head to Sugar Land. The building materials supplier has just inked a 97,000-sf lease for a new distribution site.
PHOENIX-A local developer will begin construction in the spring on a 200,000-sf, class A office project in Paradise Valley. This area got hot due with opening of Loop 101, which makes it convenient for commuting.
WASHINGTON, DC-Fannie Mae's $1.5-billion inaugural subordinated 10-year benchmark notes hit sell-out crowds early in the day. The notes, with interest rates of 6.25% and a 6.293% yield, are payable twice a year.
CHARLOTTE-Several plans are being tossed about by their supporters as they seek funding and a clear vision of how and where a new park can become a reality.
NEW YORK CITY-Mayor Rudolph W. Giuliani presented his Financial Plan for Fiscal Years 2001-2005 yesterday (Jan. 25), calling for the largest capital plan for cultural institutions and libraries on record.