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PHOENIX-By mid-November, the short list will be in the hands of Phoenix City Council. A developer will be picked in December for the first phase, a 150,000-sf headquarters and research facility in the downtown.
LOS ANGELES, CA-Kilroy Realty Corp. and Thomas Properties are battling over a proposed Thomas development in El Segundo. Kilroy lost the first round in an environmental lawsuit against the project but has filed an appeal.
ORLANDO-Ronald J. Rogg, vice president/investment properties in the Orlando office of CB Richard Ellis Inc., will head the local team dealing exclusively with institutional investors.
CHICAGO-Mortgage Bankers Association of America members hold sway over "tens of billions of dollars of insurance premiums," says Robert Vestewig, chief operating officer of Houston-based GEMSA Loan Services, which might influence the industry to adopt standardized certificates of insurance.
PHOENIX-Vacancy rose a percentage point to 21.8% and rent accordingly fell a point to $23 per sf in the suburbs and $22 per sf in town. The metro market's economics are delivering cut-rate deals that are enticing more tenants to trade up.
PORTSMOUTH, VA-APM Terminals Virginia Inc.'s plans for a $385 million marine terminal are now official with the company's recent submission of a proposal to the US Army Corps of Engineers for approval.
HOUSTON-Owner Walton Street Properties wouldn't budge on a makeover until the leasing team nudged occupancy above 80% at 2700 Post Oak Blvd. CBRE's long-term lease pushes the level to 83% and drives a move from a 20-year address.
DETROIT-An injunction won by the Watersmeet, MI-based LacVieux Desert Band of Lake Superior Indians won't delay the opening of Greektown Casino's $250-million permanent location, a company spokesman says.
ATLANTA-Jerry and Brett Buckner, previously of the locally based Buckner & Co., join the Irvine, CA-based company's office here as senior advisors. Kevin Boughner moves over from Wachovia Securities. The new trio takes the local office brokerage staff to a dozen.