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LOS ANGELES, CA-A new report says rents "have resumed their upward climb" in Los Angeles county, rising 1.2% from March, while Orange County lags and the Inland Empire shines.
AGOURA HILLS, CA-Silagi Development finishes work on its 93,000-sf Agoura Hills Gateway, which is among the region's largest spec office projects in 10 years.
MIAMI-Lend Lease US Office Trust of Sydney and Munich syndicator KanAm paid Shorenstein Co. of San Francisco $270 million or $234.78 per sf for the 18-year-old, two-building, 55-story office structure, the tallest in Florida at 764 feet. The building has 1.15 million rentable sf.
DULLES, VA-Washington Dulles International Airport's new Concourse C--a $1 billion, 1.8 million-sf replacement endeavor planned as part of Metropolitan Washington Airports Authority's $3.4 billion construction program--remains on the backburner almost an entire year after the dawn of the terrorism-induced travel slump.
PHILADELPHIA-In a second top-level appointment to its office here, Grubb & Ellis hires Bamonte as director of management services. He joins Bob Clements, named executive vice president and managing director last October. Bamonte comes from Equity Office Properties' local office.
FIFE, WA-The subsidiary of AFC Enterprises Inc. and parent company of Seattle's Best Coffee plans to move to a new 220,000-sf roasting, packaging and distribution plant by the beginning of the fourth quarter in 2003. The facility will bring the company's roasting, packaging, distribution and green coffee bean storage all to one location.
ATLANTA-Olympia Development Corp. of Virginia Beach, VA plans a Walgreen's pharmacy, Applebee's Neighborhood Grill and Bar, and a strip center within Thornton at Maxham, a 12-acre mixed-use property in Douglas County, GA owned by Macon, GA-based DSR Development Corp.
ROCKLIN, CA-One of the fastest growing cities in Northern California, Rocklin will soon be home to Broadstone at Stanford Ranch, an 186-unit residential community by Alliance Residential.
WESTPORT, CT.-The Westport office of Holliday Fenoglio Fowler reports it has arranged a total of $45 million in financing for commercial and residential properties in South Norwalk, CT. and Aurora, CO.