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CHINO HILLS, CA-Owners of Crossroads Marketplace secure bridge, mezzanine and tenant improvement financing for the 325,000-sf power center, which has more than 70,000 sf of new construction under way.
BOSTON-Boston Properties reports an increase in third-quarter total revenue to $308 million as compared with $276 million for the same period last year. The uptick is attributed to a number of new developments by the locally based REIT.
ORLANDO-The locally based restaurant chain is agreeing to pay back its New York commercial lender through sales of its memorabilia, clearing the way for its second emergence from Chapter 11.
PORTLAND-Publicly traded Mohawk Industries inks a five-year, $800,000 lease agreement at Swan Island Industry Center that will triple the size of the company's local operations, currently housed at the nearby Basin Street Business Park.
LOS ANGELES, CA-The L.A. County office market posts negative net absorption in the third quarter, but absorption improved dramatically from a year ago and could hit positive territory by early 2003, an Insignia/ESG report says.
CHICAGO-The majority of the portfolio is a 1.82-million-sf distribution center and warehouse in Bell, CA. Properties in four other states were involved in the deal arranged by Draper & Kramer's commercial mortgage unit.
NEW YORK CITY-The Fashion Institute of Technology will spend the next 10 years adding 300,000 sf of new space and renovating 400,000 sf of existing facilities. Construction on two new buildings began last week.
ORANGE COUNTY, CA-Occupancy is down from the peak year of 2000 in the county's hotels, but it's up from last year, in part because of destination resorts that draw getaway visitors.
PLEASANTON, CA-California Custom Exteriors and American Pile Driving each have paid about $1 million for between 7,000 sf and 8,000 sf in industrial condos at the Pleasanton Business Park.