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IRVING, TX-AmeriSouth's first move was to sever the HUD contract, save for 40 units, at Raible Place. Next comes the rehab, inside and out. Then, it will be a rent hike from the existing 45 cents per sf to the market standard of 82 cents per sf.
PHILADELPHIA-Although net absorption of industrial space remains negative, overall industrial vacancy in the four suburban counties is 10.5%, and direct vacancy is 9.6%, a range that has held for the past seven quarters.
CARLSBAD, CA-Canyon Ridge Business Park LLC acquires a finished pad here in the Carlsbad Oaks Business Park, just east of the intersection of El Camino Real and Palomar Airport Road.
SANTA ANA, CA-Davis Partners, a Newport Beach-based investor, buys a 39,929-sf garden office project from Newport Federal, the second deal in recent weeks for the seller. The building was built in 1974 and renovated most recently in 1991.
CHICAGO-Toia Building Property Partnership is the first developer to navigate the department of planning and development's streamlined TIF application process, designed to make the assistance accessible to smaller projects.
DETROIT-A new SmartZone in Oakland County should bring in new businesses, help current companies, provide training area for students and jobs for residents, officials say.
SEATTLE-A former Brinker International employee will develop and operate Romano's Macaroni Grills in Oregon and Washington, becoming the Dallas-based company's first domestic franchisee for that brand.
PHILADELPHIA-Although net absorption of industrial space remains negative, overall industrial vacancy in the four suburban counties is 10.5%, and direct vacancy is 9.6%, a range that has held for the past seven quarters.
PHILADELPHIA-On Dec. 31, the outgoing governor, who is incoming president of the city Chamber of Commerce, determines whether the state or the city will control the Convention Center. A $464-million expansion hangs in the balance.