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SPANAWAY, WA-TreeSource Industries of Portland, Ore., says it will permanently close its sawmill here effective August 30, 2002, due to the "flood of subsidized Canadian lumber in to the U.S.," claims company President Bob Lockwood.
MIAMI-The Boca Raton, FL-based real estate trust is expanding its space by 5,387 sf and taking 21,387 sf for five years at a first-year rent of $18.70 per sf, triple net.
SAN FRANCISCO-A new mid-year market report finds that while San Francisco's commercial real estate market continued experience negative space absorption during the second quarter, a glimmer of hope can be seen in the numbers.
NEW YORK CITY-Purchased two years ago from TrizecHahn in a $514-million, four-building deal, Brookfield is selling the Calgary office complex to a major Canadian investor. The deal is expected to close Aug. 1.
SAN DIEGO-The commercial and multifamily real estate investment firm Harsch Investment Properties announces it's opening an office in San Diego that will be run by William Rodewald, a former managing executive director with Colliers International.
AUSTIN-Long considered under-retailed, Austin's occupancy is a solid 95%, a slight increase from six months ago. Rents, though, remained flat. But once again, retail is the commercial market's star, says NAI/Commercial Industrial Properties.
ATLANTA-The Providence, RI-based financial firm is taking 37,000 sf at $20.50 per sf on the second floor of the 150,643-sf, class-A property in North Fulton county, bringing occupancy at the five-year-old building to 68%.
DETROIT-Two projects use state industrial development revenue bonds to buy property, renovate facilities and add jobs. Three industrial firms are expanding with land and building purchases in Macomb County, MI.
IRVINE, CA-Andrew Price, an 11-year company veteran is named as Leighton and Associates' new president and CEO. He is replacing Bruce Clark, who has retired from the board of directors and is currently serving as a senior consultant.