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RANCHO SANTA FE, CA-First Community Bancorp announces a net income of $8.6 million for this year's second quarter. The figure reflects an increase of 19% from first quarter 2003 for net income and net income per diluted share.
HOUSTON-Kent R. Peters picks up his old title and his old role for the Houston office after a two-year hiatus. He jumps into the job with a stack of several large office transactions now sitting on his desk.
FORT LAUDERDALE, FL-The $220 million, two-tower, 23-story project will be the first W Hotel in the state. The project, which will feature a 346-room hotel and 171 luxury residences, is set to open in December 2006.
LOS ANGELES-Called the largest adaptive reuse development in the city, the 322-unit conversion from offices to apartments is a project of L.A.'s Kor Realty Group.
SUNRISE, FL-Medical Web Services signed a five-year lease, and Consulting Connections and Bombardier Recreational Products each inked three-year deals at the 612-acre park here. The transactions are worth an estimated $586,000 or more total.
ARLINGTON, VA-There appears to be a lucky winner in the bankruptcy bid for the two-building, 540,000-sf office property that was once home to WorldCom Inc. subsidiary MCI. Commercial Net Lease Realty Inc. has committed to paying $142.8 million for the property.
SAN DIEGO-The San Diego City Council has given a unanimous vote of approval for the funding, which will be used for the construction and repair of both slated and existing fire stations throughout the city.
LONDON-Tiger Developments has sold a mixed use commercial property portfolio to Mayfair Capital's M C Property Growth Fund for more than pounds 16 million ($25 million), reflecting a net initial yield of around 7%.
ATLANTA-Metro area office brokers and representatives in Mayor Shirley Franklin's office confirm to GlobeSt.com the mayor is listening to various proposals by developers for the redevelopment of the three-wing, 77-year-old former Sears warehouse-distribution center.