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WASHINGTON, DC-The National Association of Real Estate Trusts holds a teleconference to discuss what the future holds for the continued success of the REIT industry, and where things stand in Congress with terrorism insurance.
MOSES LAKE, WA-The largest industrial player in the nation has teamed up with ASPI Group to build an 800-acre industrial park at the Grant County International Airport--a Cold War holdover that plays a significant role in Northwest aviation.
BEND, OR-A hearings officer has given Portland-based McMenamins Pubs and Breweries Inc. approval to seek the building permits necessary to transform a former private school here into one of its well-known brew pub and lodging operations.
VANCOUVER, WA-Of the six new projects that were announced at the beginning of 2001 as under construction or "on the drawing board," three remain on the drawing board, two are up but tenantless, and the sixth is under construction and tenantless.
ENCINO, CA-Marcus & Millichap Real Estate Investment Brokerage has sold the 212-unit Channel Point Apartments in Long Beach for in excess of $31 million. At the time of the sale, the apartment complex was fully occupied.
DALLAS-Two more personnel changes take place in the Dallas area. Crescent adds a second VP to lead its Dallas interests and Frisco's Hall Financial Group hires a leasing rep, who oversaw the MGM Plaza in Santa Monica, CA.
SANTA ANA, CA-The sale of the 383-unit apartment complex is the most recent transaction to occur here in the past month, as a flurry of multifamily activity has swept the county since the start of the first quarter. The property, which features a number of amenities, was 93% occupied at the time of sale.
SAN DIEGO-Construction is slated to begin in October on a new $6 million, 26,000-sf alumni center at San Diego State University. The SDSU Alumni Association is the developer of the project, under design by Tucker Sadler Noble Castro Architects.
NORTH BERGEN, NJ-Insignia/ESG arranged the linked transactions for the storage company to the stars, which leased 58,000 sf here and the rest in Manhattan, with an aggregate value of over $4.4 million.
SAN DIEGO-The San Diego chapter of BOMA has elected its new board of directors. Cybele Thompson, RPA of PM Realty Group and general manager of the La Jolla Executive Tower, will serve her second term as president.