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ATLANTA-Fewer sale deals are being made and those that are closed are staying on the market longer than in the past, a new Bullock Mannelly Partners Inc. study shows. Vacancies in the 141 million-sf retail inventory are expected to rise this year.
NEW YORK CITY-With its first building here nearly complete, the developer works with a local development organization on the final design for the second phase of Avalon Riverview. At question is whether the completed complex should comprise two or three structures.
CHICAGO-A virtual Who's Who of developers, architects and commercial real estate attorneys meet with department of planning and development officials in a pre-submittal conference on the city's oft-stymied Block 37 project.
ORLANDO-The California investor paid Maitland, FL-based Maitland Springs Inc. and developer Mike Fess of Equity Partners Inc. $18.55 million for the one-year-old, 100%-leased, 102,239-sf Sprint PCS Regional Communications Center at 965 Keller Road, Maitland.
MIAMI-Locally based Esslinger-Wooten-Maxwell has moved in quickly to log 10 purchase contracts on the remaining unsold 144 units at the 630-unit Blue and Green Diamond Condominiums at Collins Avenue and 47th Street, a prime Miami Beach high-rise residential location.
WASHINGTON, DC-The Mortgage Industry Standards Maintenance Organization is circulating for review its Commercial Working Group's Exposure Draft of the Originations Data Dictionary, a document intended to streamline the mortgage origination process by defining all the relevant data elements.
LOS ANGELES-The Los Angeles Downtown Center Business Improvement District provides safety, maintenance, marketing, and business retention and recruitment programs for more than 480 property owners and residents, representing over 1,500 properties within a 65-block area.
OCEANSIDE, CA-City plans for a large commercial project at Mission Avenue and Canyon Drive are on the back burner. The City Council has instead opted for about 190 units of senior housing on five of the eight acres, with three acres along Mission Avenue remaining for a strip shopping center.