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ATLANTA-The life insurance firm paid $44.9 million or $149 per sf for the six-story, 302,000-sf Royal Centre Four in north Atlanta. Opus will continue to lease and manage the assets.
HOWELL TWP., NJ-Insurer takes more than 33,000 sf in Monmouth County Facility and will use the space as a claims processing center and sales office. The company will be relocating from nearby Brick Twp.
LIVERMORE, CA-Developer Trumark Commercial will begin construction on its 76,000-sf Copper Hill Business Park by spring 2001. Once fully leased, the company predicts it will be able to sell the four-building project for about $150/sf.
DALLAS-Wyndham International executives are breathing easy, with third-quarter returns reflecting the right strategy is in place for continued growth. The strategy entails property dispositions worldwide to support a focus on becoming a branded hotel operating company.
KANSAS CITY, MO-Three Kansas City International Airport terminals will undergo a major renovation and expansion next year. More than 35,000-sf will be added at the 27-year-old airport in a three-year project.
MINNEAPOLIS- Minnesota chapter of the National Network of Commercial Real Estate Woman will also install other new officers and a new board of directors.
DUBLIN, CA-Energy company Calpine Corp. is planning to swap its nearby Pleasanton offices for newer space here. The San Jose-based company is not yet releasing specifics on its new location, which it will occupy next spring.
BOCA RATON-Carl DeSantis and partners awarded two leasing contracts to Grubb & Ellis Co. for the Boca Raton buildings and a single contract to Trammell Crow Co. on the Hollywood, FL property. The three assets total 632,167 sf.
HOUSTON-A trio of power players in the energy business has aligned to build a $200-million chemical plant in Port Arthur. Construction will begin in 2001, pending regulatory permit approvals.