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ORLANDO-The neotraditionally-designed community in east Orange County is set to launch a $15 million construction program in first quarter 2001 that will include a 100,000-sf town center; 70 apartments; 78 luxury townhomes; a community center; and a new Lutheran Church.
SAN FRANCISCO-Direct vacancy rates on the Peninsula range from 0.1% to 0.9%, but quite a bit of sublease space has been coming on the market as dot-coms bring in the walls to squeeze out profits before their venture capital runs out, according to a third quarter report by CB Richard Ellis.
RALEIGH, NC-A two million-sf office park and an 800,000-sf retail hub are envisioned at this estimated $1 billion venture, about 150 miles northeast of Downtown Charlotte.
CHICAGO-1031properties.com has signed alliances with PropertyRover, StreamingVoices.com, Ameriquotes.com and Tax Deferred Services. It has also launched two new services, the Multimedia Center and the 1031 Intermediary finder service.
PISCATAWAY, NJ-The office facility will feature second-story connector bridges to provide access to a cafeteria, fitness center, auditorium, and neighboring workspaces in adjacent buildings. The three-story structure will house a staff of 1,100.
MIAMI-Even though the market has added some 4,000 rooms in the last two years, local hotel occupancy and daily rates continue to rise, says the Greater Miami Convention & Visitors Bureau.
SAN FRANCISCO-The 451,300-sf, 27-story class A office building is owned by US Property Fund GmbH & Co. Major tenants of the fully-leased development include Delta Dental and Young & Rubican.
MINNEAPOLIS- AMB Insitutional Realty sells Manhattan Village to Madison Marquette. Madison bought 424,000-sf of the center's 551,847-sf, which excluded the Macy's store and an adjacent office complex.
AUSTIN-Boxx Technologies has relocated its corporate headquarters into more than 12,000 sf at the Kaleido II building, 9390 Research Blvd. plus has plans to double its executive staff. The digital video manufacturer has added some Hollywood power players to its client roster, including MTV Network.
BOSTON-Charles E. Smith Residential Realty Inc., an urban multifamily REIT, reports FFO of $0.94 per diluted share for the quarter ended September 30, a 13.3% increase over the third quarter of 1999.