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SAN JOSE-Coming off the worst year of absorption on record, brokers at the Colliers International Trends2002 conference this week say many property owners are going to have to get creative to make it through the year.
SAN FRANCISCO-The general contractor has purchased a seven-story corporate office tower in SOMA. Two years ago, the asking price for the seven-story, 66,000-sf building was $37 million.
PORTLAND-Fred Meyer Inc., acquired by Kroger in 1999, has been hoping to lease more than 100,000 sf of excess space in its headquarters building, located south of Powell Boulevard on Southeast 22nd Ave, but the recession has made it difficult.
LONDON-Bank lending to property companies in the UK has reached record levels, according to new data from the Bank of England. Lending has rocketed ahead at more than 25% per annum over each of the last two years.
ATLANTA-North American Properties is attracting national retailers to its planned $90 million, 750,000-sf, 92-acre power center at Interstate 285 and Camp Creek Parkway, Atlanta's newest retail hotbed.
TACOMA, WA-City officials are looking for an architectural team to complete a site analysis and design documents for the first phase of the Harold E. LeMay Museum, which will house the automobile, artifacts and memorabilia collection of Mr. And Mrs. LeMay.
SAN JOSE-Coming off the worst year of absorption on record, brokers at the Colliers International Trends2002 conference this week say many property owners are going to have to get creative to make it through the year.
ORLANDO-Suburban pockets with strong population growth and large tracts (50 acres or more) to accommodate superstores and home improvement centers will be taking play away from most urban areas, predicts a new study by Orlando-based St. Joe Commercial.
LONDON-Bank lending to property companies in the UK has reached record levels, according to new data from the Bank of England. Lending has rocketed ahead at more than 25% per annum over each of the last two years.
LEXINGTON PARK, MD-Three separate loans accounting for $14.5 million in mortgage financing are secured for three buildings in the St. Mary's County subdivision of Lexington Park. The buildings--Expedition I, Expedition II and Exploration VI--comprise 151,000 sf of office space. All three are new class A properties, built within the last two years.