BOSTON-World Trade Center East had all of its 500,000 sf pre-leased when it opened last August. Since then, nearly half that space has opened up as high tech companies fell victim to the economic downturn.
DALLAS-Texans love to shop and retailers love to provide product. The latest year 2000 report shows the retail sector is riding at its highest level in 15 years. Some 8.7-million sf had delivered by yearend and there's more on the way.
DALLAS-Texans love to shop and retailers love to provide product. The latest year 2000 report shows the retail sector is riding at its highest level in 15 years. Some 8.7-million sf had delivered by yearend and there's more on the way.
ORLANDO-Travelodge Hotels Inc. of Parsippany, NJ has retained Lake Buena Vista Suites to build a 1,380-room Travelodge World Resort hotel in Lake Buena Vista, FL, minutes from the 30,000-acre Walt Disney World enclave. The estimated $20 million resort is scheduled to open in third quarter 2002.
SAN ANTONIO-Neiman Marcus will be the fourth anchor at the 1.3-million sf La Cantera in a long-awaited announcement that has just been made this morning. The high-end retailer will be developing a 120,000-sf store amid an anchor lineup that includes Nordstrom, Dillard's and Foley's.
SAN ANTONIO-It's taking longer than anticipated, but plans are progressing on the 1.3-million sf regional mall. Early next week, The Shops at La Cantera will reveal the identity of its fourth anchor for the undertaking that will break ground by year's end.
PLANO, TX-The management team's in place and so are the first 100 tenants for Taubman Centers' 1.4-million sf grand entry into the Texas market. The REIT has put together a high-profile tenant lineup, with several making their first appearance in the metroplex retail mix.
DETROIT-The new Detroit office for the nation's 15th-largest law firm hires new attorneys, including three with real estate and finance expertise. The firm represents Detroit-based automotive companies.
SHELTON, CT-Cushman & Wakefield of Connecticut has been awarded the exclusive leasing assignment for the current home of Philips Medical Systems' North American headquarters. The company is relocating next summer.