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JERSEY CITY, NJ-State Square, which will combine 130 residential units with 15,000 sf of ground-floor retail, is the first new construction project in this part of town in 20 years.
NORTH PALM BEACH, FL-The home fashion store signed a 28,727-sf retail lease at Oakbrook Square Shops here. They will occupy space on the second floor of the building in part of the 90,000 sf that Jacobson's vacated.
NEWPORT BEACH, CA-The real estate investment trust says the hospital chain has renewed leases on six hospitals. Tenet represents more than 16% of the REITs revenue.
FORT WORTH-The 100-unit Spanish Gate Apartments and 72-unit Edgewood Oaks sell to an out-of-state partnership that upstages other bidders with a promise for a quick close and cash on the line. Seller John Baker of Arlington gets his money in one week.
SAN DIEGO-The San Diego County industrial market has been unable to shake the recent trend of negative net activity that has plagued the usually healthy sector during the first half of this year. A recently released report on the region says it experienced more than 1 million sf of overall negative net absorption in the second quarter of 2003.
DENVER-The metro hotel occupancy rate sees an increase for the month of July. It's only the second time this year that has seen the occupancy rate increase.
SAN DIEGO-The Centre City Development Corp. hires 20-year industry veteran Garry Papers as the organization's new manager of architecture and planning. Papers is replacing former manager Walter Rask.
ATLANTA-The locally based REIT nets $2.1 million in cash after increasing an $8.5 million refinancing loan at 7.15% interest on its River Oaks apartment community to $10.75 million at 5.54% interest.