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ESCONDIDO, CA-By July, Villas On The Greens at 8860 Lawrence Welk Drive in Escondido, which broke ground in 1999, will provide a total of 21 new buildings, with 146 time shares.
CHICAGO-The financing at 6.75% over 10 years is being done to pay down the REIT's $1-billion revolving credit facility and buy back its MandatOry Par Put Remarketed Securities.
CAMBRIDGE, MA-An increasing number of biotech companies are making their way from here to the suburbs to get more space and to save on costs, according to industry experts at a recent seminar sponsored by the National Association of Industrial and Office Properties.
DENVER-The Tramway building at 13th and Arapahoe streets includes a 200-seat facility known as the Source. It will be renamed the Jones Theatre in recognition of benefactor Glenn R. Jones.
SAN ANTONIO-The San Antonio industrial market racked up a positive absorption of 131,893 sf in 2001 despite a 19.3% vacancy, up 3.7% from a year ago. The coming to market of KellyUSA and 1.2 million sf of new space account for the spike.
SANTA ANA, CA-The closure will result in the loss of 70 jobs locally. LNP Engineering Plastics opened the plant in 1967. The Santa Ana Plant is one of LNP's four North American compounding facilities and one of nine globally.
VISALIA, CA-The New Woodland Hills Corp. has acquired The West Park Village apartment community from Elkor. The property was 99% leased at the time of closing.
IRVINE, CA-Snyder Langston has recently started construction on the project, which will consist of two educational facilities totaling 62,000 sf and a 120,000-sf Jewish Community Building. The first phase of the development is slated for completion in August 2002.
BOSTON-City Mayor Thomas M. Menino suggests developing a biotech corridor here on Melnea Cass Boulevard connecting the Longwood Medical area and Boston Medical Center. But the idea faces local opposition by residents who want industry that will help create job opportunities for the local population.
CHICAGO-Count Kenneth P. Riggs Jr., chief executive officer of Waverly, IA-based Real Estate Research Corp., among the economy's bears. Although indicators point to a recovery, the economy could be midway through a double-dip recession, he tells the Chicago Real Estate Council.