WASHINGTON, DC-CarrAmerica Urban Development LLC, a subsidiary of CarrAmerica Realty Corp. has been selected to assist in developing a second headquarters for the International Monetary Fund adjacent to its current headquarters.
DENVER-The area near Coors Field draws the attention of Stephen Owen, whose $40-million Lofts on Park Avenue plan includes renovating an existing 70,000-sf office building as well as constructing 112 new lofts.
BOSTON-Four Seasons Hotel general manager Robin Brown leaves his job to establish CWB Boylston whose principals will be Brown, mall developer Stephen Weiner and Julian Cohen. The trio will focus on developing a luxury hotel and condominium complex here at the Prudential Center.
BOSTON-The neighborhood of Brookline here in the city is suddenly faced with the possibility of being able to develop ten surplus acres owned by the state. The town has yet to decide what to do but it is its first significant development opportunity in years.
GEORGETOWN, TX-Developer Greg Hall is courting prospective retailers nationwide for about 113 acres that he has just bought in Georgetown. A NorthMarq Capital VP, who handled a $4.3-million transaction for the buy, says Hall is wooing big boxes.
BOSTON-The plan to build a new ballpark for the Boston Red Sox here in the Fenway right next to the old one appears to be fading and potential buyers for the team are scrambling to find sites in other locations.
CHANDLER, AZ-Fairfield Residential has started yet another apartment complex in the Valley. The 288-unit Cantera in Chandler is being positioned on 20 acres, recently bought for more than $2 million.
BELLEVUE, WA-The locally based Laptop Lane has announced the opening of its newest business center at Seattle-Tacoma International Airport. The new Laptop Lane location in the North Satellite, between gates N8 and N9, is the ninth store the company has added this year.
BREMERTON,WA-Plans to develop a high-tech business park west of Kitsap Lake are moving forward, after legal challenges posed by two citizen groups have been dropped.
TROY, MI-The new development will bring in a 45,000-sf office building and 140 condominiums in an already strong commercial and residential market. A 100,000-sf church also is being built on the 84-acre site.