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ALISO VIEJO, CA-The property is acquired by Redwood Residential LLC. The seller is Northwestern Mutual Life Insurance Co. Apartment occupancy levels continue to drop in the region.
DALLAS-The Real Estate Council of Dallas brings in three heavy-hitters, all saying their companies aren't taking a pass on buying this year. These changing times require changing strategies.
FOOTHILL RANCH, CA-International Colors Posters Inc. signs a five-year lease for 50,000 sf at an R&D property in Foothill Ranch. The company plans to consolidate some of its operations at the recently leased facility.
HOUSTON-L.J. Melody's managing director, Tom Fish, says the city looks "terrific" in comparison to other markets. Investors' interest is high, financing is available and yes, underwriting is as tight in Houston as it is elsewhere.
NEW YORK CITY-New offices and up to 20 paid staff for the Downtown revitalization organization were discussed at this morning's meeting of the recently formed city-state partnership.
SAN DIEGO-The San Diego County office and industrial/R&D markets are poised for a year of stability and even modest growth in 2002, according to a new report by Burnham Real Estate Services.
KANSAS CITY, MO-The privately-held restaurant chain will continue to operate its 52 Houlihan's and Darryl's restaurants in 17 states. Two former bagel chain executives are now in charge of the company.
AUSTIN-Two months ago, the Bee Cave community gave a conditional green light to Albertsons to build a 57,000-sf anchor store for a new retail project. Officials, developer and leasing team are still waiting to hear if the project's going to go.
NEW YORK CITY- The regional NAREIT chapter predicts a slow rebound for REITS and says a good deal rides on the impact the Kmart, Arthur Anderson and Enron debacles will have on consumer confidence.