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MARYSVILLE, WA-Marysville is improving its permitting process to make it quicker, easier and more attractive to developers. The city is worried that its current entitlement process is scaring off commercial development.
PHOENIX-Arizona Custom Shades adds 3,000 sf in the move to the Desert Cove Industrial Park, a 45,000-sf project owned by Los Angeles-based Irmas Industrial. The firm lines up 6,250 sf and "a better fit" for its needs, the broker says.
ATLANTA-Michael Dougherty is hired as director of development for Cypress Equities, the development and acquisition arm of locally based-Staubach Retail Services. He'll provide development services for Staubach's retail clients in the Southeast and Mid-Atlantic.
SAN JOSE-Two new loan programs have been given the green light by the San Jose Redevelopment Agency that will assist both property owners and business tenants in downtown San Jose.
SANTA CRUZ-A proposed country club will not be developed on Santa Cruz's 289-acre Buena Vista site, according to an announcement made by the National Trust for Public Land, in favor of the animal and plant life on the land.
DALLAS-The suburban deals passed muster for investors, near and far. A Nebraska investor takes out a loan of $2.5-million plus for a Walgreens in Trophy Club. In Garland, local investors get the Scott Gardens complex.
SEATTLE-In one year, the Seattle Opera House will reopen as the Marion Oliver McCaw Hall, after being transformed by a $125-million renovation that demolished 70% of the former facility.
CHICAGO-AprilFirst defaults on a $5.3-million cash purchase, also subject to as much as $16 million in liens, on failed marchFirst's 172,522-sf office complex on the Near West Side. However, a $7-million cash offer, along with a $4-million second mortgage, is in front of a US bankruptcy court judge.
NEWARK-Public and private sector officials, addressing a regional business gathering, say that efforts to revamp the opposite sides of the Passaic River aren't about competition, but about cooperation.