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DALLAS-It is still far from rosy, but there were some gains, albeit slight, made in Q1, according to the first report released in the region. Vacancy overall is 27.5%, down a shade from the 2002 close, but it's not nearly enough to stop rents from dropping.
BEND, OR-The resort subsidiary of Klamath Falls, OR-based Jeld-Wen Inc. has filed an application with Crook County planners to develop 900 home sites, a golf course, equestrian center, and overnight lodging on 1,800 acres in the Powell Butte area of southwestern Crook County.
OAKLAND, CA-The Oakland-based real estate investor pays about $1.95 million for a 22,860-sf light industrial building with roughly 12,000 sf of office space. The building is located off Highway 880, near the Oakland International Airport.
OAK LAWN, IL-The retail center at 9600-52 S. Pulaski Ave. sells for $134 per sf after DK Realty Partners LLC fields four competing offers to the 100%-leased property.
ESCONDIDO, CA-Berkshire Mortgage Finance provides the Fannie Mae loans for three different Escondido multifamily properties, Mission Village I & II and Mission Bell Apartments. Located within a half-block of each other, the properties consist of three non-contiguous parcels.
BERLIN-The International Hotel Investment Forum held in Berlin this month drew a record number of delegates who predicted this year will see fewer construction starts, more portfolio sales and more sale-leasebacks than in 2002.
WASHINGTON, DC-It seems the commercial real estate market is headed for a comeback, or so says the National Association of Realtors. The organization explains that an expected increase in jobs will indirectly spur the industry's recovery, but a lengthy war would reverse the process.
LAKEWOOD, CO-Hoping to offset some of the retail sales tax lost when Kmart, the third-largest revenue generator for the city, closes its Supercenter sometime this year, Wal-Mart Supercenter is scheduled to open in 2004.