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TUALATIN, OR-Milgard Windows of Tacoma pays $3.7-million for 13 acres and Lay-Z-Boy inks a temporary ground lease that allows it to start construction while the final details of its 3.5-acre purchase go through. Both parcels are within Panattoni Development's 23-acre Tualatin Sherwood Corporate Center.
GEORGETOWN, MA-A developer appeals the town's rejection of his proposal to build a 56-unit condominium complex on Pond Street. North Shore Custom Homes and Developer applied for a comprehensive permit under the state's affordable-housing law.
ORANGE COUNTY, CA-Despite a dip in average asking rents and continuing high vacancy, the county's office market showed net absorption in the quarter and benefits from a better employment picture than much of the region.
HOUSTON-Rent revenue is up 8.3% gross and completed deals up 35% in a 2002-to-2001 comparison for the first nine months. Despite the success, the REIT continues to watch its strategy for buying, selling and developing.
GLENVIEW, IL-The most significant redevelopment currently under way in north suburban Chicago has taken a large financial leap forward with the finalization of a TIF for the project. It is thought to be the largest tax-increment financing ever awarded in Illinois.
PORTLAND-Developer Roy Kim has retained Holliday Fenoglio Fowler to identify a joint venture partner for a 554-unit, luxury multifamily complex on 14 acres within Kim's 138-acre Bethany Village development.
SCOTTSDALE, AZ-SuperPumper acquires six service stations and convenience stores in the sell-off by Giant Industries, looking to slash debt after spending almost $170 million for East Coast assets. The effort has a revolving credit facility down to $35 million.
BOSTON-One of the city's largest towers could be put on the block soon. John Hancock Financial Services is considering whether to put the 60-story 1.6 million sf building up for sale in light of the interest investors are giving to the city's major properties.
NORWALK, CA-The Dallas-based operator of convenience stores signs a $3-million land lease here for a new 3,000-sf store and has brokers searching for 10 new locations in Los Angeles and Orange counties.
SAN FRANCISCO-The city's available inventory remained high yet showed signs of stability, at 20.18% from 20.17% compared to the second quarter, accoridng to a just-released third quarter report from Insignia/ESG.