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ORLANDO-Good apartment development sites continue to be in short supply in some growth areas but leading the 2003 recovery in the Southeast will be Atlanta, Austin, Charlotte, Dallas, Memphis, Nashville, Orlando and Raleigh, the Central Florida chapter president of NAIOP tells GlobeSt.com.
PORTLAND-The competition for Portland commercial real estate information just got a lot stiffer, but the local chapter of the Commercial Association of Realtors says it's ready to stand its ground.
THOUSAND OAKS, CA-Panattoni Development Co. will develop a 78,000-sf build-to-suit for a national distributor along with a 36,300-sf speculative building at the Conejo Spectrum business park. The distributor's $7-million lease agreement comes with an option to buy.
CHICAGO-Draper & Kramer's commercial mortgage unit arranges financing for the 310-unit multifamily rental building at 200 N. Dearborn St. as well as a 344-unit complex in west suburban Villa Park.
WATERTOWN, MA-A deal is finally reached between Harvard University and the town over the Cambridge-based school's purchase of the Arsenal on the Charles, a 30-acre commercial office center. The town was furious when the university acquired the site because it was counting on the tax dollars.
FRESNO, CA-The urban landscape here won't be penetrating 600 acres in Madera if eight farmers accept a $4.6 million package that will enable them to swap their development rights for greenbacks.
DENVER-Permits for multifamily rental units fall 57% during the first seven months of the year compared to the same time in 2001. That signals supply and demand will be held in check, experts say.
RANCHO SANTA FE, CA-The locally based bank holding company signs a definitive agreement and plan of merger to purchase Bank of Coronado's outstanding common stock. The transaction, which is expected to close in the first quarter of 2003, follows on the heels of three other recent bank acquisitions by First Community Bancorp.
DENVER-City councilwoman Allegra "Happy" Haynes, attorney Manuel Martinez, city special projects director Elizabeth Orr, commercial real estate consultant Rick Pederson and Denver Post owner William Dean Singleton form the first Winter Park Recreational Association Board.