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RANCHO SANTA FE, CA-The locally-based bank holding company, which derives its income partly from interest received on real estate loans, acquires Upland Bank and Marathon Bancorp in two separate transactions worth more than $42 million combined.
PORTLAND-Hoffman, Hart & Wagner will consolidate its space onto consecutive floors and expand its lease to 30,000 sf in a 12-year deal with an estimated full-service value of nearly $9 million, excluding owner concessions.
London-Britain is at risk of damage similar to that caused by the floods that have swept across central and eastern Europe unless urgent action is taken to overhaul flood prevention policies, warns RICS.
TUCSON-A local investment firm buys the 77-unit Avalon Terrace as it parlays proceeds from a 1031 Exchange. The deal closes on the property's value-add promise by rehabbing and hiking the rents.
ORLANDO-The triple-B rating from triple-B-plus comes as the New York-based bond-ranking agency worries the sale of the county's refunding revenue bonds could be affected by the civil lawsuit Lake has filed against Fairfield, NJ-based Covanta Energy Corp. to regain control of the 13-year-old, 100-acre incinerator complex near Okahumpka, FL.
DETROIT-Development of the new phases of Riverbend Plaza doesn't have enough single-family homes nearby, says Atlanta-based home improvement chain Home Depot. It is scouting other areas in the city, however.
COSTA MESA, CA-Orange County tied with San Diego County for the most new hotels under construction, but it lags the state in the number of new rooms planned, according to a new report.
PHILADELPHIA-In a 23-page lawsuit, described by Fidelity National Information Systems' executive vice president as "dij` vu all over again," FNIS charges the board with forcing consumers into slow and costly appraisals for mortgage applications. FNIS prevailed in an Oregon suit.
LOS ANGELES, CA-Despite the high cost of doing business, hard-to-secure financing and a down market, Los Angeles County leads the state in planned new hotel rooms and is second in the state in new hotels under construction.