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AUSTIN-Centex Construction is eyeing a late spring ground-breaking for a $64-million, 145,000-sf Museum of Art at Fourth and Guadalupe streets. Renowned architect Richard Gluckman designed the building, which will open in 2003.
PARAMUS, NJ-The watchmaker is relocating to Mack-Cali's Centre II property, taking 58,000 sf for a dozen years and bringing the facility to close to 88% leased. The deal is one of several Mack-Cali signed at the beginning of 2001.
ANAHEIM, CA-When Power Plus moves into a new building this summer the president plans to take his firm off the power grid altogether. Other large users are looking to this alternative source of power for permanent relief from energy woes.
WASHINGTON, DC-Company officials told investors that, all in all, Freddie Mac had a very good year and was expecting the same for 2001. The company's revenues were up 10% over 1999.
SAN JOSE, CA-Santa Clara County acquires an 80-bed medical facility formerly known as the Charter Behavioral Health System in order to create a new mental-health facility for children and teenagers.
ISSAQUAH, WA-The 367,000-sf retail property is one of the larger shopping centers in greater Puget Sound area. The center is fully leased and occupied. Key tenants include Target, Ross, Longs Drugs, Safeway and Gottschalks.
BOSTON-Avalon Bay Communities is reportedly close to a deal to buy the rights to put up a 500-unit apartment building here, next to the proposed new ballpark in Fenway.
DALLAS-Aslan Realty Partners, a Transwestern investment fund, has teamed with Dallas-based Performance Properties in a joint venture to pick up its first holding. The acquisition jumpstarts a $1.1-million makeover for Kingsley Court in Dallas.
LOS ANGELES-California won't totally escape the economic slowdown that is gripping the nation, but it's not likely to hurt much or for long, according to three of the state's leading economists.