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CARLSBAD, CA-A nine-building, 102,000-sf office known as the Genesis Corporate Center has seen half its buildings sold out or leased to various tenants, is now complete.
HUBBARDSTON, MA-This town has made its feelings about further development clear by voting unanimously to acquire a 244-acer parcel here on Mt. Jefferson road. The parcel will have a conservation restriction put on it and will be used as open space.
BALTIMORE, MD-Multifamily property asset manager MuniMae raises $74.1 million in equity with the public offering of 3 million common shares. The gross proceeds could increase to $85.2 million if the underwriters exercise their option to purchase an additional 450,000 shares.
BOSTON-The latest figures compiled by Torto Wheaton Research indicate that over the past year this area's hotel market experienced the country's second-greatest decline in RevPAR. The terrorist attacks and the economic downturn are to blame.
PORTLAND-On Valentine's Day, Hoffman Construction's senior project manager in charge of the $116-million expansion of the Oregon Convention Center will talk shop at a luncheon for the local outpost of Commercial Real Estate Women.
MARYLAND HEIGHTS, MO-The Columbia, Md.-based provider of employee assistance programs and managed behavioral health care will take 268,000 sf in two buildings at TRiSTAR Business Communities' Riverport Commons office development in this St. Louis suburb.
LAS VEGAS-MPTV and lender International Commercial Finance fail to make good on a promise for yesterday's closing on a $13.4-million construction loan. It will close eventually, but different laws and time zones stalled the signing.
ELMSFORD, NY-Chief Economist to Governor George Pataki, Stephen Kagann says the suburban New York economy is now on the rebound. However, his outlook for New York City is that a recovery is at least a year away.
ST. PAUL, MN-James W. Hentges, vice president of Cobb Strecker Dunphy & Zimmerman Inc., is new president while Patrick Simpkins of Witcher Construction Co. and Ronald J. Rasley of Curtin & Rasley, P.A. are named vice presidents.