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VANCOUVER, WA-The City of Vancouver, looking for a way its planned $10-million convention center won't be a perennial financial burden, may get a big boost from Clark County, which is considering the formation of a public facilities district that could provide $500,000 annually for maintenance and operations.
HOUSTON-Texas Cable Partners has signed a lease in the Greenspoint/North Belt submarket. The submarket still has a lot of work to do as second-quarter numbers paint a less than rosy picture.
BALTIMORE, MD-The dilapidated Chateau apartment building will undergo an $8.9-million redevelopment with the help of a recent $1.1-million loan from the city. The 80-year-old building will ultimately offer 42 units.
PHOENIX-Syllar Enterprises and Kwik Products have each purchased an office-warehouse site near the airport for their respective businesses. Syllar plans to relocate 10 people from its west Phoenix headquarters.
TUSCAN, AZ-The Desert Sage apartments, a 64-unit, class C complex in Tucson has been sold to California investors for approximately $1.6 million. E.M. Gibson, the seller, had owned the 20-year-old, class C complex since the early 1990s.
LONDON-Liverpool City Council has approved the revised masterplan for the Princes Dock waterfront redevelopment site. The new plan includes one million sf of offices plus hotels, retail, leisure and housing development.
PHOENIX-Until recently, Lincoln Property Co. had been in the business of acquiring properties in Phoenix. With the completion of its Lincoln Commerce Park, the firm is officially playing the speculative market.
ANAHEIM, CA-A new report shows space availabilities edging up only slightly from the first quarter, but compared to the same time last year, availabilities are up 61%. Rents are down, too, but sales prices are holding up.
PHOENIX-Despite high vacancy rates and sublease space plaguing the Phoenix market, nearly 820,500 sf of suburban office space is under development in anticipation of what the developers hope will be a full recovery in the next year to 18 months.
ORLANDO-The former managing director of Florida for Advantis Real Estate Services Co. becomes president of T&M's Florida operations Jan. 1. His mission: To grow the firm's 4.5 million-sf Florida portfolio. Taylor & Mathis and Advantis are both Atlanta-based.