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SAN DIEGO, CA-According to a recent report by First American Real Estate Solutions, the San Diego County housing market is "expected to maintain its strong and positive character" over the next year.
PHILADELPHIA-The Media, PA-based real estate company is named exclusive agent for two commercial land parcels in Chester County and five in Delaware County. They cover an aggregate 24.45 acres and also include two parcels totaling 50,000 sf.
PASADENA, CA-The 20,396-sf office building will serve as the new headquarters for AMS, a medical and pharmaceutical staffing and placement company. It was originally the regional headquarters for National Automobile and Casualty Co.
AUSTIN-Some of the biggest changes in 2002 occurred in the CBD, where direct space doubled to 1.5 million sf, but sublease dipped to 192,387 sf, according to a Q4 report from the Staubach Co. CBD rent fell 18.9% in the yearend comparison.
PHOENIX-Alliant Partner of Tampa Bay, FL and Orix Real Estate of Chicago start talks for half the tract and end up with the whole shebang for $10 million. A retail project replaces Marriott's plan for a Residence Inn and Springfield Suites.
HOUSTON-AMLI turns a $4.6-million profit in two years of ownership, selling the 318-unit AMLI at Western Ridge for $24.6 million to a New York City investor. To date this year, AMLI, with a dimming view of northwest Houston, has sold 1,072 units around town.
BRIDGEWATER, NJ-But the WP Commercial project at the former Olivetti site, which would expand an existing building and add two more, has raised a number of issues ranging from access to land usage.
PLEASANTON, CA-Charter Properties may alter its plans for the Vintage Hills Shopping Center to appease area residents who oppose the housing-focused project. The developer originally planned to build a 110-unit apartment community with 38 townhouses and a small commercial area.
ONTARIO, CA-Alexander & Baldwin Inc. completes the third deal in recent days on the U.S. Mainland for a Honolulu-based real estate investment trust. It sells an Ontario asset and buys one in Las Vegas.
SEATTLE-Merrick Lentz Architects is redesigning a 10,000-sf retail building at the southwest end of Lake Union for owner Jerry Tenney. Outback Steakhouse is slated to open an 8,100-sf restaurant in the building.