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BURLINGTON, WA-As the retail hub of Skagit County, the small northwest Washington town of Burlington between Seattle and Vancouver, B.C. is prospering. It is attracting new developments of all types in ever-increasing numbers--and traffic problems that mimic urban snarl.
LOS ANGELES-The nonprofit Trust for Public Land gets option from developer to purchase another 20% of the 1,087-acre Westside project. The 193 acres are currently targeted for 4,400 homes and 220,000 sf of commercial space.
ATLANTA-James A. Fleming, a law partner in Fleming & Ray, is the new senior vice president, general counsel and secretary at the locally based REIT. He replaces Tom G. Charlesworth who was promoted to executive vice president and chief investment officer in January of this year.
LONDON-FPD Savills finds that 800,000 people face very limited household choices. A government commission reports that 43,000 extra homes will be needed every year for the next decade to alleviate the housing shortage.
BOSTON-The Salvation Army seeks proposals from firms interested in redeveloping its state headquarters in the Back Bay area here. In doing so, the evangelical Protestant denomination joins other religious institutions looking to take advantage of the local real estate market.
ORLANDO-The U.S. Occupational Safety and Health Administration opened a formal investigation today in the death of a 36-year-old construction worker whose harness broke as he was working on a rooftop scaffold, 60 feet above the Orange County Convention Center's floor.
TACOMA, WA- Two local residents have been found guilty of 11 counts of conspiracy, mail fraud and bank fraud in a real estate scheme that cost victims $2 million.
DENVER-Commercial real estate brokers and lawyers who were against last year's Constitutional Amendment to control growth say they might vote for it if legislators don't compromise.
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.