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ORANGE COUNTY, CA--Sun Microsystems signs $10-million lease for 44,000-sf of space at Opus Center Irvine. The deal puts the project's occupancy at 90% committed.
SAN JOSE, CA-The ceremonial groundbreaking for the $178-million Dr. Martin Luther King Jr. Library will take place this Friday. It is a joint effort between the city and San Jose State University.
LAUDERHIILL, FL-South Florida's first SuperTarget store opens here next July. The 184,000-sf facility will combine a typical Target discount department store with a full supermarket, plus a Starbucks coffee shop, one-hour photo lab, portrait studio, optical center and a fast-food restaurant operated by either Taco Bell or Pizza Hut.
CHARLOTTE-The bank has created a $25-million kitty to help restore small historic properties for commercial use. Eligible projects include structures that will be rehabilitated for community development purposes.
WASHINGTON, DC-Bristol Group has signed its first two tenants to Union Station Telecom Center, formerly known as the old Woodward & Lothrop warehouse at 131 M St. NE in Washington, DC. Teleglobe and 360Networks have leased 190,000 sf.
NORTH MIAMI BEACH, FL-Locally-based Equity One is taking over management of 11 Florida properties owned by Toronto-based Centrefund Realty and assuming asset management responsibilities for 17 of Centrefund's Texas holdings. The agreement follows purchase of the controlling interest in Centrefund by Equity One's majority investor, Israel-based Gazit-Globe.
NEW YORK CITY-Officials with The Corcoran Real Estate Group tell GlobeSt.com that a deal that would establish a joint interactive web site for all New York City residential brokerage firms to post listings could be announced shortly.
DENVER-Archstone Communities, the nation's second-largest multifamily REIT, is posting leasing rates that surpass absorption rates by 18% and rental rates 6% ahead of budget at its new apartment communities scattered across the country.
HARRISON, NY-While the $35-billion merger deal between Texaco Inc. and Chevron Corp. will create the world's fourth largest oil company, it also will mean the loss of 4,000 jobs and the possible availability of the Texaco headquarters complex in Harrison, NY.