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PLANO, TX-Amica Mutual Insurance will relocate in November to the fifth floor of One Legacy Town Center. The 70-month signing caps a nine-month search for office locations in submarkets north of Dallas.
ONTARIO, CA-The Thousand Oaks, Calif.-based developer began construction of a four-building, 100,000-sf industrial condominium development, the first of two phases.
CRANFORD, NJ-This latest acquisition, from a local investor, increases the REIT's stake in the 1.5 million-sf Cranford Business Park to more than 545,000 sf in six buildings.
PHILADELPHIA-Despite Keystone Opportunity Zones status, many Philadelphia County second- and third-generation industrial buildings lose ground to more up-to-date facilities in surrounding counties. The metro market remains flat, according to a second-quarter report.
CONCORD, CA-Concord's new Economic Development Action Plan aims to "retain, expand, develop, and attract businesses" but the city's mayor has warned city officials that there's a fine line between economic development and bribery.
SALEM, OR-In the first hearing regarding McCarthy's $4-million lawsuit against the state, a Marion County Circuit Court Judge orders a third party be hired to copy documents that have been locked up at the work site with McCarthy's tools and equipment since police escorted workers off the site in mid-July.
NEW YORK CITY-The FEMA windfall gets the red-carpet treatment from a host of city, state and federal dignitaries. The money is earmarked for an inter-modal transportation hub that is considered a lynchpin of Downtown redevelopment.
MIAMI-The Fort Lauderdale, FL-based buyer, CCMSC 200-1 Broward Plaza, paid Westfork Plaza Ltd. $110 per sf for the 398,292 sf shopping center in a busy area of Broward County.
SAN FRANCISCO-The San Francisco Board of Supervisors are discussing a November ballot initiative to revise the city's business tax by doubling the real estate transfer tax on commercial and residential properties that are sold for more than $1 million.
CHICAGO-Of the 14,266 multifamily units started in the year ending June 2002, 56% were for condominiums and townhomes, by far the largest percentage among US markets, reports Property & Portfolio Research real estate economist Nancy Chesley.