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NEW YORK CITY-Brokers from Cushman & Wakefield's New York headquarters and its Pennsylvania regional office joined forces to negotiate the lease in a 17 Ludlow Property LLC building in Center City Philadelphia.
DENVER-Mack-Cali is off and running with a $38-million, class-A office project that is 66% fully leased and it's not due to deliver until the first quarter of 2001. The URS Center, named after its anchor tenant, is positioned in the heart of the Denver Technology Center.
a booming 2001. The Excite@Home subsidiary is expanding global headquarters, inking a deal for a 62,000-sf building at Church Ranch and an option for a 75,000-sf project waiting to break ground.
SAN BRUNO, CA-Planning commissioners approve a project that would bring the city 285,000-sf of office space, a 500-room hotel and 400 units of multifamily/senior housing units. The project will need voter approval because it exceeds the city's height limit of 50 feet.
RALEIGH, NC-The deal ranks among the largest national office property transactions this year, according to locally-based Highwoods Properties Inc. The REIT is contributing $7.5 million of developable land to one of the ventures. GE Capital Real Estate will be funding up to $276 million for the various projects.
CHICAGO-Graycor Construction is selected to coordinate the $1.1 million project at the Museum of Science and Industry, which will house a permanent vintage timepiece exhibit.
ATLANTA-Veteran developer Jim Cowart is partnering with longtime associate George C. Berkow in Cowart Berkow, a commercial-focused company. Another entity, Jim Cowart Residential will develop single-family suburban subdivisions under the management of John Schiavone, another Cowart colleague of long standing.
BOSTON-Local developers are concerned over a recent series of state-funded studies that evaluate the potential development in communities across the state. Developers contend that the studies are unrealistic and could provoke a backlash against building.