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NEWPORT BEACH, CA-The locally-based REIT announces net earnings of $15.6 million, or $0.43 per diluted share, for the first quarter of 2002. These figures reflect a significant change from the first quarter of 2001, when net earnings of $1.1 million, or $0.04 per diluted share, were reported.
SALT LAKE CITY-There's enough concern to question whether Salt Lake City might be headed for an overbuilt state, says RealFacts. The current 93.4% occupancy comes with 1,908 units coming off the drawing boards after delivering 1,000 units in 2001.
DENVER-The Southern Ute Indian Tribe seeks an architect to design its Sky Ute Casino in southwestern Colorado, as well as provide a cost estimate on the proposed expansion.
HOUSTON-A call center stays put with a long-term signing between Citicorp and Koll Bren Schreiber for nearly all of the Parkview I office building at 330 Cypress Run. Citicorp has leased the space since 1994.
ITASCA, IL-The muffler and brake retailer agrees to sell nearly 25% of its US portfolio to Escondido, CA-based Realty Income Corp. in a sale-leaseback deal worth as much as $50 million.
AUSTIN-Austin Bergstrom International Airport reports a sluggish March in air cargo and foot traffic. Though slow, March still held up as one of the busiest months thus far. On the tourist side, the region got a boost in foot traffic.
SAN DIEGO-A national developer, owner and manager of retail property has purchased the Plaza Sorrento Shopping Center for $18 million. The 97,916-sf shopping center, on 8.8 acres in the heart of Mira Mesa, is occupied primarily by retail tenants including Bally Total Fitness and Burger King.
SAN DIEGO-In a boost for the city's waterfront and sagging tourism industry, Royal Caribbean International and the Port of San Diego reports that Grandeur of the Seas will sail from the California seaport this summer.
HOUSTON-One buyer gets a 19,900-sf manufacturing building sitting on 5.4 acres in the southwest sector while the other buyer closes on a 19,299-sf warehouse in the south. In Houston, small-size building sales have been popular for some time now.