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ARLINGTON, VA-On-Site Sourcing will move its corporate headquarters in 2001 to 800-840 North Henry St. in Alexandria, VA. On-Site paid $7,035,000 for the 112,710-sf office building.
AUSTIN-Wayport Inc. has added the Seattle-Tacoma International Airport to its service delivery portfolio, which includes major hotel chains. This is the third airport in the lineup for Wayport, an Austin-based IT company.
HOUSTON-Weingarten Realty Investors pumps just a little extra in the coffer, increasing its revolving credit line to $350 million from $200 million. There's no particular strategy in play other than business as usual for developing and buying properties.
SOUTH BRUNSWICK, NJ-New 24,000-sf class A structure will accommodate multiple tenants of 3,000 sf and up, or a single user. The building is slotted for the hot Route 1, Princton-to-New Brunswick corridor.
SANFORD, FL-The 238 families at six apartments would still pay rent based on their income but much red tape would be eliminated by having a commercial management company handle the assets, says the executive director of the Sanford Housing Authority.
DENVER-AIMCO is banking on its success to deliver a minimum 30% shareholders return for three years. The REIT is raising the $2-million cap on a senior investment plan. A cut-off has not been set, but it could go as high as $4 million.
ELGIN, IL - Developer PanCor leaves a 15-acre ravine undeveloped in the 40-acre site of the Randall Point Executive Center, which it is developing in far west suburban Elgin.
DULLES, VA-Ground is broken for three of six buildings in the Du Pont Fabros Development project. Completion of the first three buildings of the 290,000 sf office park is expected for mid-2001 delivery.