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WASHINGTON, DC-Legislation assisting landowners with brownfields revitalization was signed into law Dec. 22. The new law allows owners to expense clean-up costs, as opposed to capitalizing them, until Jan. 1, 2004.
WHITE PLAINS-GHP Office Realty reports the city has leased more than 7,000 sf of space at 7-11 South Broadway, a building the Scarsdale-based development firm has under contract to purchase in early 2001.
HOUSTON-Halliburton Corp., which once had Vice President-elect Dick Cheney at its helm, is restructuring its financially strapped engineering and construction business. The business will be a separate entity after sustaining a 21% drop in third quarter revenues.
HOUSTON-BMC Software has added a headquarters and training center in Amsterdam to its international roster. The five-story headquarters includes a hands-on customer laboratory, auditorium and capacity to teach 100 people simultaneously.
FT. WORTH-Crescent Real Estate Equities wants its employees to know the corporation cares. In an ongoing effort to improve administrative-employee relations, Crescent has opened an on-site lounge targeting new or would-be mothers or workers who just need a few minutes quiet time.
WASHOUGAL, WA-The $6.9 million center will feature trails, interpretive kiosks, an elevated viewing structure, classrooms, a gift shop, and the obligatory restrooms and parking. Specific plans will be brought before Congress next year.
AUSTIN-Something's amiss at Netpliance, where co-founder and investors have initiated talks for a buyout. The acquisition group currently owns 52% of the Austin company's common stock and has lobbed an offer of 65-cents per share for outstanding shares.
SEATTLE, WA-A survey will provide the city's Landmarks Preservation Board with the comparative data it needs to evaluate buildings nominated for designation as landmarks. It may also provide certain Seattle developers with some ideas.