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SEATTLE-In the investment market, there have been some eye-catching sales so far this year, according to the report, but for the most part, "there's nothing for sale.
LYNN, MA-The Archdiocese of Boston wants to build a 42-unit affordable-housing project on the site of a former church. The town's zoning board of appeals has approved the project but it still needs to go before the town's planning board.
HOUSTON-NRM Equipment Rental, an entity of Control Rooms of Texas, has purchased the 20,000-sf north Houston industrial building the firm has been leasing for the past 10 years from Houston-based Chapman & Cole.
PHILADELPHIA-Proceeds of the loan will be used to repay debt, including increasing availability under the Plymouth Meeting, PA-based REIT's $500-million revolving credit facility. The unsecured loan matures in three years, and no principal payments are due before maturity.
FARMINGTON HILLS, MI-A Paragon Corporate Realty Services executive cautions real estate demand will not pick up until investors gain back confidence lost in the wave of corporate scandals.
SCOTTSDALE, AZ-Gainey Center II, a 146,000-sf building that commands some of the highest net rents in the Phoenix MSA is scooped up by San Francisco-based investor Maier Siebel Baber.
LOS ANGELES, CA-Kenneth J. Kay, formerly chief financial officer at Dole Food Co. and never before the CFO of a real estate services firm, assumes the post formerly held by Jim Leonetti, who left company July 19.
PORTLAND-Occupancy here has fallen for seven consecutive quarters and now stands at 92.3%, according ot the latest report by RealFacts, a multifamily data firm. The good news: the drop this past quarter was the smallest since the the second quarter of 2001.
SAN DIEGO-The second-half outlook for San Diego County's lodging industry is strong, despite a lull in transaction and development activity, according to a new survey.