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SAN DIEGO-In its first such awards ceremony for the commercial real estate industry, the San Diego chapter of the National Association of Industrial and Office Properties has named Cheryl (Dennie) Smith, president of Smith consulting Architects, as its architect of the year.
AUSTIN-CIP/Property Management Services is tasked with finishing up leasing for the first phase of an office condo project in Bee Cave. Austin's Scheffe Group has unlocked the doors with three tenants and more on the way.
PHOENIX-Grubb & Ellis Co. says the metro Phoenix office slowdown is a short-term headache. In a 2002 Forecast, the long-term outlook is very strong. This year's expansion will come from local businesses as more major employers toe the line with renewals.
LAS VEGAS-MPTV won't say for sure, but the word is a closing could take place within days on a $13.4-million loan for the first phase of its Lake Tropicana project. The paperwork passes borrower scrutiny and next comes the date with the lender.
CHICAGO-"Look for rents to flatten out or decrease in 2002 and for concessions to continue increasing," says Jeff Samaras, executive director in Cushman & Wakefield's Downtown office, on the overall Central Business District market.
DENVER-Houston-based Hines Interests is frustrated by the powerful Lower Downtown design demolition review board, which has qualms with elements of the redevelopment project of the US Postal Service Terminal Annex Building.
MIAMI-Lani Kahn Drody, senior vice president of 15-year-old Lowell Homes, was recognized for her service to the Builders Association of South Florida and the building industry.
LONDON-The European economy is forecast to avoid outright recession in 2002, and this presents opportunities for real estate offers investors looking for a safe haven, according to LaSalle Investment Management.
LONDON-Business parks specialist MEPC has let its 45,000-sf Rivermead office scheme in Uxbridge, north-west London, to catering group Compass as its new UK and Irish headquarters.
ELMWOOD PARK, NJ-Bergen County and the state DEP still have to check off on the massive project, but Langan Engineering hopes to break ground by late this year.