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TACOMA, WA-Locally-based Mountain Construction is in charge of the eight-story property's overhaul. During demolition, Mountain discovered original brick walls and ornate floor tiles, which are being restored to preserve the historic beauty of the building.
ATLANTA-The Georgia chapter of the National Association of Industrial and Office Properties cited Holder Properties' two million sf of office development during the past year and the work of the company's retired founder in bringing the 1996 Olympics to Atlanta.
FRANKLIN PARK, IL-HSA has purchased an existing 500,000-sf industrial property in the tight O'Hare market, and broken ground for an adjacent warehouse of about 325,000 sf.
ATLANTA-As part of a new direction to concentrate on its home state, the Florida-based developer is dropping plans to develop an 18-acre site in the North Fulton County area here, and is selling the prime land at an asking price of $26 million or $1.44 million per acre ($33.16 per sf).
SAN JOSE-The City is being hit with lawsuits this week alleging that Cisco Systems' planned 688-acre Coyote Valley Research Park will be environmentally harmful and should not have been approved.
FORT LAUDERDALE, FL-Woolbright Universal Plaza Ltd. paid $1 million to One Glenwood Associates for the supermarket's 53,820 sf location in Universal Plaza, a 235,000-sf strip center in Lauderhill, FL being demolished for the Target venture. Lauderhill is 35 miles north of Downtown Miami.
PARSIPPANY, NJ-New unit will acquire and dispose of hotel properties and perform other real estate services for franchisees affiliated with the hospitality giant.
BOSTON-OfficeTempo, a locally-based company, is offering web-based procurement services to small and medium-sized companies. The service, which is currently only available in this area, provides costs savings by aggregating demand.