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PORTLAND-On the heels of nine new restaurants in 18 months and solid earnings growth, company Chairman Bruce Davis says the publicly traded restaurant company now will try for 20 new franchises in the next 36 months.
NEW YORK CITY-The nation's sputtering economic recovery is causing decision makers to err on the side of caution when it comes to making real estate decisions, a Cushman and Wakefield corporate services executive says.
CORONA, CA-Worr Game Products Inc. signs a five-year agreement to occupy a Corona industrial facility, which stands at 252 Granite St. The 72,092-sf building is part of the 4.75-acre Corona Hills Industrial Center, a master-planned business park.
HOUSTON-The city's hottest trade district has baited the first location for the Right Bank of Texas. The start-up bank's leaders take 8,418 sf at 13100 Northwest Freeway, a 92.7%-occupied office building.
CAMBRIDGE, MA-Akamai Technologies, Inc. signs a seven-year sublease for 90,000 sf at Eight Cambridge Center. The software developer is taking the space from Novell, Inc. in a building developed and owned by Boston Properties.
HOUSTON-Flagship Properties Corp. tosses a portion of its Houston portfolio on the market--16 properties with 5,359 units. The listing broker attributes the offering to Houston's profitable demographics.
WOODLAND HILLS, CA-The insurance company takes 30,000 sf of space in a Warner Center office park owned by the REIT. The move will combine and expand two existing claims offices in Woodland Hills and Ventura.
WASHINGTON, DC-The US Senate makes a bit of progress on the Terrorism Risk Insurance Act by voting 65-31 to curtail the introduction of irrelevant amendments to the bill. The vote will allow discussions to move forward without the hindrance of unrelated modifications.
AVON, CO-The 244-unit Buffalo Ridge Apartments a short distance from the entrance to the posh Beaver Creek ski resort is funded through tax-exempt bonds issued by a local housing authority and the state of Colorado.
PHILADELPHIA-With Franklin Realty's purchase of 80 acres in the 202-acre Keystone Opportunity Zone at Bucks County, PA's former Naval Warfare Center, office facilities join the 100-unit Erickson retirement community that broke ground in January. Franklin pays Erickson $6.3 million.