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OAKLAND, CA-According to Michael Barry of Colliers, activity for purchasing warehouses for various reasons is picking up. Zim Diversifies recently bought a warehouse/distribution building in Oakland for $2.7 million.
LONDON-The Royal Institution of Chartered Surveyors' latest residential housing survey shows that house prices are roaring ahead. Nearly 60 per cent of its residential estate agent members reported price rises in March
CHICAGO-Seeing bigger things ahead for the now struggling West Loop office market, Steven D. Fifield's architects increase the size of his next project at 550 W. Adams St. by 50% and eight stories.
SAN ANTONIO-The state's fourth-largest city has caught up to its big sisters. Class A rent is slipping, vacancy is rising and tenants are reaping the benefits. But, it's most likely temporary since construction is at a bare minimum.
LONDON-Marriott Grand Residence Club is to turn 47 Park Street in London's Mayfair into a timeshare for both visitors and investors. It is selling off the rooms at prices from 85,000-pounds ($122,200) a month.
NEW YORK CITY-Accounts of Arthur Andersen's decision to bail out of its Times Square Tower lease are premature, building owner Boston Properties says in an exclusive interview with GlobeSt.com.
LAKEVILLE, MN-The second time's the charm, as voters agree to build a new high school and expand an elementary school. The high school construction will cost nearly $60 million.
ORLANDO-Florida A&M University checked out the nine-story, 12-year-old, 230,000-sf Downtown structure, appraised at $28.9 million, but decides to stay with original plans to build a new 100,000-sf, $18.4 million law school three blocks away in the economically distressed Parramore district.
VICTORVILLE, CA-Bear Valley Indoor Swapmeet inks a nine-year agreement to occupy the Victorville facility. The company will occupy the facility in June of this year.
CHULA VISTA, CA-An emergency increase of development impact fees has won city approval. Officials say the 87% increase is needed to help pay for a new $63 million police station and $37.6 million civic center renovation.