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NEW YORK CITY-The president of REBNY calls on the State Assembly to overhaul the property valuation process. Among his suggestions: Give property owners "more than a single number" in return for the massive amounts of building information they submit.
SEATTLE-At the end of this month, the Space Needle roof will be painted the same color it sported during the original 1962 World's Fair. The retro refinish will last for the month of April.
NEWPORT BEACH, CA-Locally based Impac Mortgage Holdings Inc. will pay out a first quarter dividend of $.40 per common share on April 16, 2002. This dividend marks an 8% increase from fourth quarter 2001.
ST. PAUL, MN-The three buildings will be leased to retailers as Hamline Auto Body finds new quarters on Highway 280 and Broadway. The buyer, @Home Apartments, has hired Jim Kenney and Greg Hayes to market the former body shop.
ANN ARBOR, MI-High tech buildings in the Avis Farms Research & Business Park sell for an average of $116 per sf. Bingham Farms, MI-based Colliers International of Michigan brokers the deals.
SEATTLE, WA-As long as interest rates remain somewhere in the 7's, Paul Sleeth of Colliers International says demand for retail investment product will remain strong. The bottle neck in deal flow in Puget Sound, however, continues to be lack of product.
NORWALK, CT-Cushman & Wakefield reports it has brokered a 22,773-sf lease for Dimensional Media Associates at the "Merritt on the River" complex at 20 Glover Ave., here.
SAN DIEGO-Kohl's department stores is looking at sites in San Diego County for up to five facilities as part of an aggressive expansion into Southern California.
PHOENIX-CB Richard Ellis brokers across the board are playing it safe and saying metro Phoenix will follow suit with the rest of the nation as conditions look to improve at midyear. Office vacancy could reach 19% before a rebound takes root.
LONDON-The shareholders in the Dutch-based property group Rodamco North America have cleared the way for the company's sale to Australian and US investors led by Westfield Holdings.