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SAN DIEGO-Residents have begun moving into the first of three neighborhoods to rise in the $500-million Liberty Station mixed-use project. Construction on this first neighborhood, known as Admiralty Row, began in June of last year.
PORTLAND-Class A vacancy falls from 18.4% at the end of the first quarter to 17.5% at the end of the second quarter while overall vacancy rises 20 basis points to 17%, according to the latest report from Grubb & Ellis.
CORAL GABLES, FL-The 470,000-sf, five-building, class A office complex is "a major assignment," says one Taylor & Mathis broker. Cushman & Wakefield previously handled the leasing for the office complex here.
INDIO, CA-Officials believe it's the first time an Indian tribe has financed a venture via tax-exempt bonds, comparable to municipal finance. The California Statewide CDA arranges the bond issue with Merrill Lynch as the underwriter.
STUDIO CITY, CA-Younan Properties closes the book on a repositioning play at the 27,000-sf Promark Entertainment Building. Bought at 30% occupancy, the building was more than 70% filled at sale time.
MILPITAS, CA-The anchor tenant in the fully leased building is Kaiser Foundation Health Plan, which occupies 41,190 sf and is negotiating a lease extension with the new owner, an affiliate of Los Angeles-based Barker Pacific Group.
SPRINGFIELD, MA-A developer of real estate for biotechnology manufacturing, development and research wants to build a biotech manufacturing park in the western part of the state.
DALLAS-Julien J. Studley's office numbers for Dallas practically mirror its peers, with some variations of course. Studley pegs sublease space at 9.4 million sf, with four of 18 submarkets each having more than one million sf up for grabs.
SAN DIEGO-API Mission North LLC is gearing up to begin construction on its Fenton North apartment complex, which is slated to house 396 units at build-out. Completion is currently scheduled for September 2004.