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BELLINGHAM, WA-In an effort to reward loyal shareholders and to increase its liquidity, Asia Properties, Inc., a publicly-traded company, says its board of directors is contemplating a 2 for 1 forward stock split.
PORTLAND-Trammell Crow COO John Stirek, overseeing the Portland office while he searches for a new managing director, convinces longtime friend Dirk Otis to return to TCC, just one year after leaving, to take over for Jeff Sackett, who left to join TC's former managing director in launching a new local development company.
PITTSBURG, CA-Despite numerous complaints about the potential environmental and traffic impacts of two large housing developments, Pittsburg planning commissioners have approved the proposals.
PHOENIX-The 103-unit Windtree Village Apartments in Phoenix brings about $2.6 million while the 118-unit Park Village in Mesa attracts close to $3.8 million. Both buyers are planning repositioning upgrades.
CUPERTINO, CA-When Apple Computers vacated its former Cupertino location, Sun Microsystems snapped up the space. Now the tables have turned, as Sun has agreed to sublease the entire building back to Apple.
NEWARK-The project centers around the old Hahne's building and an adjoining property, subject of an earlier proposal by a local redevelopment group that is on the verge of folding.
HOUSTON-Some call it a loss, others say it's just a possibility that never materialized. The impact on the city's commercial real estate sector is negligible, says an industry leader. The question now is what happens to the Astrodome.
BOSTON-Aberdeen Group takes advantage of the current market by relocating its headquarters to 16,000 sf at 260 Franklin St., in the heart of the city's financial district. A spokesperson tells GlobeSt.com that the company negotiated a lower rate for its new lease.