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BELLEVUE, WA-After losing the unfinished Technology Tower to creditors earlier this summer, the developer gets a two-week extension on another foreclosure deadline set for today related to property he owns along Northeast Eighth Street between 108th Avenue Northeast and 106th Avenue Northeast.
As is the case with all issues of perspective, our view of the World Trade Center has changed dramatically in the past 365 days. How you view the World…
DENVER-The American Communities Fund is chipping in $3 million to help the Colorado Division of Housing finance nearly 70 housing units in three areas of the state.
PORTLAND-Neither side is talking, but those in the know say publicly traded CoStar Group is days away from acquiring Scott Napier's Portland-based commercial property database service and will take it to the next level, which could spell the demise of a fledgling, competing local product by the Commercial Association of Realtors.
ORLANDO-In one of the highest per-sf-price retail deals of the year, the Oak Brook, IL-based company paid Suncor of Lake Mary Ltd. $12.5 million for the one-year-old, 74,875-sf, 100%-leased property in suburban Lake Mary, FL.
VANCOUVER, WA-Renaissance Resources Group of Arizona last week lost its right to exclusive negotiations with the Vancouver Public Facilities District for a convention center hotel, but is now expected to compete for the opportunity by filing a financial proposal with the Vancouver Public Facilities District prior to the Oct. 2 deadline.
ORLANDO-Ernst & Young credits several key promotions for the city's average June occupancy of 66% among the area's 90,000 hotel and motel rooms. Average monthly room revenue for the first half is $74.83 versus $88.83 a year ago.
HOUSTON-Franchisee Blinks Investment buys about 1.5 acres in the near west submarket along Interstate 10 East. Seller NewQuest Properties says it's a perfect fit for its neighboring 280,00-sf shopping center.
CONROE, TX-A CB Richard Ellis Chicago-based team and a Massachusetts-based "value retail" consulting group will set about re-tenanting and rejuvenating the 281,436-sf center. In recent months, Prime Retail returned the asset to the lender.
TROY, MI-Development of Cambridge Crossings has been allowed because of a consent judgment. Now, however, developer David Nelson is asking for permission to build a medical office and requests signage for the site at Maple and Crooks road.