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ORANGE COUNTY, CA-The transactions involve a 12-unit complex in Santa Ana and an 8-unit property in Anaheim. The deals have a combined value of $1.3 million.
LOS ANGELES-A Novato, CA-based research organization and database publisher has found the average rent for an apartment in the area to be $1,220, a fall of $2 from the average September.
CHICAGO-The Downtown multifamily and office sectors are not as hard-hit as they may appear to be, says developer Steve Fifield. Daunting vacancy numbers can be attributed to a few factors, he tells the Chicago Real Estate Council.
ATLANTA-The Atlanta-based homebuilder reported earnings for the first quarter of its fiscal year. The company reported a 40% increase in home closings and a backlog that was up 42% from the year-ago period.
TILTON, NH-The Shaw's Plaza here near Route 3 and Route 132 sells for $12.5 million, providing further proof that supermarket-anchored centers are proving attractive to investors in this recession. Both the buyer and the seller of the property declined to be identified.
BOCA RATON, FL-Eagle Building Technologies has named Ron G. Lakey, chief financial officer; Dan Curlee, chief operating officer; and appointed Don Pollock, former CFO, to executive vice president of manufacturing.
IRVINE, CA-An LLC snaps up the 16,015-sf facility, which it plans to convert into a medical building. The renovation will be complete in the next four to six months, which is when some industry experts are predicting the office market will begin to turn around.
TACOMA, WA-Eric Cederstrand says it will be a while before demand absorbs enough space to compel developers to put up another office building. Nonetheless, deal flow has picked up enough of late to boost the Colliers broker's outlook to optimistic.
BOSTON-A new report released by Torto Wheaton Research, a locally based real estate research firm, indicates that this area's vacancy rate is slightly below the national average.
CHICAGO-A North Michigan Avenue property at less than $50 per sf? That's the minimum bid for 168 N. Michigan Ave., a 78,000-sf office building that will be auctioned in early March by Sheldon Good & Co.