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BOCA RATON, FL-A British firm takes 26,000 sf to complete the lease-up of Florida Atlantic University's 450,000-sf Research Park here. Now FAU plans to launch a similar complex in nearby Deerfield Beach.
COLORADO SPRINGS, CO-Dallas-based Willmax Capital is sealing its eighth apartment acquisition in CO, paying slightly more than $3 million for the Eastborough Village Apartments in Colorado Springs, located 60 miles south of Denver. A major renovation is being planned.
Year-to-date absorption is over 5.31 million sf, 70% of last year's record. The overall vacancy rate also fell to a record low for the second quarter, 2.7%.
ATLANTA-The properties comprise $225 million worth of the New York investment banker's off-campus students housing units and a 464-unit luxury apartment community near the Mall of Georgia in Gwinnett County. GMH Associates of Pennsylvania is a co-owner of the student housing.
CHICAGO-William Sullivan shifts from CFO post to E-Business Development and Global Knowledge job. Peter Roberts to take over as CFO next year. Sullivan says Jones Lang LaSalle's SiteStuff on-line procurement joint venture could reduce the firm's procurement costs by as much 15% over the next two years.