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NEW YORK CITY-The survey also found that most firms plan on taking advantage of the REIT Modernization Act, which liberalizes the kind of services that they can provide to tenants.
REDMOND, WA-Quadrant Commercial expects to break ground by April 2001 for a 57,000-sf business park within the planned community. The project, described as a high-tech office complex, has an anticipated completion date of October 2001.
SAN DIEGO-The hot market for multifamily property, particularly in the North County area, continues to sizzle with the sale of a 129-unit complex on Pomerado Road.
DANVILLE, CA-The locally-based developer is preparing to break ground on 24-acre business park here. Construction of the first three buildings is scheduled to begin early next year and should be completed by summer.
BOSTON-Interlynx Technology based here, which signed a $60-million merger agreement with ProAct Technologies Corp. of New York City on Dec. 13, expects the deal will spur considerable growth in the next 12 months.
ATLANTA-The Sembler Co. of St. Petersburg, FL is lining up national big-box tenants for McDonough Towne Center, a 650,000-sf project with an estimated $52 million construction cost. Home Depot has already bought one of nine outparcels and broken ground on a home improvement store.