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SACRAMENTO-In response to reports that the state of California is losing 50,000 acres of farmland a year to development, Gov. Gray Davis signs four bills that prevent commercial and residential development on farms and open space.
BUCKEYE, AZ-An existing trans-loading facility will be leased by Southern States Power Co. and converted into a biodiesel production plant. The facility is one of several business strategies being put into play for the Western markets.
TAYLOR, MI-The family-run department store chain spent a year and $9 million to redesign a 244,000-sf store to offer more for customers, Meijer officials say. This store is one of the largest in the Meijer chain.
FOLSOM, CA-Due to the high costs of San Jose, Palmer College of Chiropractic has decided to flee the valley in search of a Sacramento site. After a not-so-warm reception by the City of Davis, the college has turned to Folsom for its new home.
WOODLAND HILLS, CA-WMC Mortgage Corp. says it funded $405 million in loans during August, a record for the company. The company's loan funding volume in August 2001 was $130 million.
SAN JOSE-The three properties, each with different buyers and sellers, total 104,233 sf. The largest deal involved a 57000-sf building on Grant Street, which sold by an auto parts chain for $3.67 million.
THORNTON, CO-Publicity about Denver's high-tech and telecom downturn make the loan on the 477,695-sf adaptive reuse of the former North Valley Mall a tough sell for lenders until Washington Mutual Commercial Real Estate steps up.
ABINGTON, MA-Massachusetts-based Abington picks up three area banking offices with Friday's $17.3-million acquisition. The conversion is expected to be completed in about a month.
MIAMI-One set of plans is for a nine-unit, $2.4 million loft project scheduled to break ground in February on a little more than a quarter of an acre at 1577 Bay Road.
DANNVILLE, VA-Universal Leaf Tobacco Company Inc. makes room for 38 more employees with a planned $28 million makeover of its Pittsylvania County plant. Virginia beat out North Carolina as the location for the upgrade, which will allow Universal to substantially expand its processing capabilities.