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SAN FRANCISCO-In light of both Propositions K & L failing, two city supervisors are offering up proposals to address the office growth issues highlighted by the two unsuccessful campaigns.
SAN FRANCISCO-The red brick Haslett warehouse, which originally stored canned fruits and vegetables, was vacated in 1986 due to earthquake safety concerns. The Kimpton Group plans to invest $37 million to convert and reinforce the warehouse.
CHICAGO-Site of multi-use project is the last major parcel to be sold off by the American Medical Association. Retail and multifamily will rise in its place.
KANSAS CITY, MO-In wake of the Power & Light project being deep-sixed, the Mayor wants to develop an urban villages Downtown. Plans call for a full-service supermarket, another class A office building, and a convention hotel.
TUALATIN, OR-The 10,000-sf building overlooking a man-made lake has been completed for three months, and is 80% leased, says listing agent Mike Foley of Portland, OR-based First Commercial Real Estate Advisors. One 2,100-sf space remains.
AUSTIN-A proposed settlement on a 4,000-acre mixed-use development in southwest Travis County goes before Austin's constituency. The plan calls for the city to pay $6.3 million to Stratus for legal fees incurred in a municipal utility district dispute.
AUSTIN-There's light at the end of the tunnel for Globeset, which has been forced in recent weeks to start laying off employees. San Mateo, CA-based Trintech is offering to pay $21 million in cash for $10 million in stock, plus assume debt for the Texas company.
DETROIT-Planning & Development Department has received top honors for creating city development guide. The step-by-step manual talks developers through the red tape.
CHICAGO-The deal is reported to be one of the largest leases in the O'Hare submarket this year. Renovation and expanison of the parking facility will provide its with one of the highest parking ratios in the area.
ATLANTA-Adam Slutzky, former leasing manager for Industrial Developments International, joins the locally-based brokerage in the same position. He has leased a total 4 million sf of office and industrial in his career to date.