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MONTERREY, MEXICO-It will be another year of good fortune for Monterrey despite the US recession, says a Grubb & Ellis analysis. Second- and third-tier support industries for the maquiladora base are poised to take up most of the available three million sf.
CANTON, MI-A 108,000-sf lease is signed here, committing Yazaki North America, Inc. to the office space at 6050 Haggerty Rd. Meanwhile, a 9,960-sf warehouse changes hands in Clinton Township.
BENSALEM, PA-The full-figured women's apparel retailer undertakes a drastic restructuring program that will close the doors on more than 200 underperforming stores and convert nearly 50 other locations to more successful brands. Affected chains include Fashion Bug, Added Dimensions, The Answer and Lane Bryant.
LOS ANGELES-The California Association of Realtors (CAR) has selected SquareTrade, an online mediation service, to resolve disputes between realtors. SquareTrade's online mediation service can be used for all disputes that can be arbitrated under Article 17 of the Realtor's code of ethics.
NEWPORT BEACH, CA-The real estate investment bank reports an increase of 98% above its 2000 performance. It arranged $814 million in debt and equity through 75 transactions last year.
BOCA RATON, FL-Florida-based real estate agents working for Arvida Realty Services allege the company-sponsored health plan was not licensed to sell insurance in the state.
REDMOND, WA-Locally-based Trendwest Resorts Inc. reports total revenues of $110.3 million for the quarter ended Dec. 31, 2001, a 26.1% increase over the $87.5 million reported in the same quarter last year.
OAKLAND, CA- Peter Sullivan Associates has closed escrow on the Old Oakland property, a two-block plot, for nearly $30 million, despite the fact that the seller, Citibank, is being sued for an allegedly unjust foreclosure.
DENVER-Siemens Building Technologies will initially lease 33,386 sf, more than half of the one-story building in the Ken Caryl Business Center in southwest Jefferson County as workers from four divisions move in.
ORLANDO-The former president/CEO of the Beacon Council in Miami plans to go into private business with his wife, Margaret Megee, a tourism development executive. The state's chief development organization is looking nationally for Anderson's replacement.