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DENVER-Bob Beauprez's Heritage Place project, which will include 59,000 sf of retail and 28,000 sf of office space in addition to 75 condominiums, reminds some of Water Tower Place on Chicago's Magnificent Mile.
PHILADELPHIA-Houston-based Pennzoil-Quaker State Co. leases the build-to-suit warehouse from Pittsburgh-based Chapman Properties, developer of the $60-million industrial park. This building joins three warehouse buildings, built since 2000, on the property and 1 million sf of renovated manufacturing space.
CHICAGO-Concessions are being phased out while occupancy rates are increasing, according to preliminary numbers from multifamily experts Appraisal Research Counselors. "The rental market seems to have turned the corner," John Jaeger tells the Real Estate Investment Association.
ORLANDO-The cash deal, expected to close in August, puts the locally based, publicly traded wholesale distributor of construction and industrial materials into a strategic market share position with the acquisition of the Corinth, TX-based distributor of parts for electrical transmission and distribution power lines.
THE WOODLANDS, TX-The eight-year-old mall is planning an open-air expansion for delivery in fall 2003. The addition will connect to the Waterway project already underway in the area.
SAN FRANCISCO-Two Marin County architects may appeal a state appellate court ruling that struck down their $41.8 million jury award from a bank that foreclosed on an Oakland redevelopment project.
SAN FRANCISCO-At a San Francisco Planning and Urban Research Association forum today, experts criticized Bay Area cities for their careless attitudes toward affordable housing.
DALLAS-Opus West is looking for a vice president of real estate who will oversee the existing Dallas office and satellite offices in Austin and Houston.