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NEW YORK CITY-Last night in the posh Metropolitan Club, speakers invited by Cushman & Wakefield to speak on the future face of the commercial real estate market pronounced this city's future the brightest of all.
AUSTIN-The stars are shining on a 20-acre tract of the 709-acre former Robert Mueller Municipal Airport. Austin Studios has sealed a 10-year lease with the city, just months after the filming of Sandra Bullock's "Miss Congeniality" at the developing multi-media complex.
WEST PALM BEACH, FL-The arrangement with Aerojet-General Corp. of Sacramento, CA would have increased P&W's 1,150-person engineering/technician work force here to 1,600, and required estimated expansion plant space of 100,000 sf, according to industry sources familiar with the transaction.
DALLAS-Kellen & Chandler LP is the new owner of 14775 Midway in Addison in a recent acquisition from Midway Enterprises LLC. That and two other Grubb & Ellis deals - industrial and office - have been closed in the past week.
LOS ANGELES-Broadvision Inc., based in Redwood City, is taking 22,500 sf in the building at the corner of Continental and Grand where 75 employees will be located. The $5-million lease has a seven-year term.
DENVER-HUD predicts Denver will rank fourth nationwide in FHA loan volume and seventh for completed transactions in the coming years. The ambitious goal and changes will make HUD more competitive with conventional lenders.