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WASHINGTON, DC-Commercial/multifamily mortgages escalate 38% over first quarter 2002 numbers to an $18.9 billion volume, according to The Mortgage Bankers Association of America's survey of commercial activity during the first quarter of 2003.
FULLERTON, CA-Pacific Messenger spends $3.3 million for a new building that was customized during a short-term lease that carried the deal to the closing table. The company vacated about 8,000 sf in Anaheim for the Fullerton property.
DEL MAR, CA-Fish & Richardson P.C. inks a lease with Kilroy Realty Corp. for the REIT's entire 72,332-sf office facility located at 12390 El Camino Real, as well 23,886 sf of office space in its 12340 El Camino Real building.
DETROIT-The engineering firm Barton Malow has won its fourth-straight design and construction award for former General Motors headquarters redesign for state of Michigan offices.
FOOTHILL RANCH, CA-Brite Ideas, which provides lighting for theatrical and corporate events, takes its corporate office and production from a leased site in Irvine to an acquired 10,261-sf industrial building in Foothill Ranch.
SCOTTSDALE, AZ-Developer Butte Landmark and general contractor, the Weitz Co., get the crew moving on the 50-unit first phase to Landmark Condominiums. Ground breaks with half the units already sold.
BUCHAREST, ROMANIA-The Highstown, NJ-based real estate services provider wins another partnership in Europe, giving it 30 offices across the continent. The new member, NAI Property Partners provides landlord and tenant representation services in all sectors.
PHOENIX-Four new names will go on directories in the four-building office complex in the Camelback Corridor. The new deals, which also brought an expansion, filled another 39,000 sf and delivered a promising sign for a struggling office market.
SAN DIEGOA-San Diego County's unemployment rate stood at 4.2% in April 2003, according to a May report released by the State of California Employment Development Department.The figure reflects a slight drop from March of this year, when the unemployment rate was recorded as 4.4%.