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SAN DIEGO-A San Francisco-based developer planning two downtown office high-rises near the Santa Fe Depot has the project on hold until the economy picks up.
CLEAR LAKE, TX-Visionary Investors did what made sense to beef up its retail holdings in Clear Lake: buy the neighboring property. The 10,721-sf Blockbuster-anchored site was marketed at more than $1.7 million.
DALLAS-Metro Dallas-Ft. Worth once again cops the dubious title as the nation's leader in office vacancy among the inventory heavyweights, says Grubb & Ellis in releasing its Q4 2001 stats. Given today's market, build-to-suits will walk away the 2002 hot product.
DENVER-Sage Hospitality Resources president, chief executive officer and co-founder Walter Isenberg replaces Coors Brewing Co. vice president of public affairs Al Timothy as chairman of the Denver Metro Convention & Visitors Bureau.
PEABODY, MA-Avalon Bay Communities wants to develop a 395-unit apartment complex on part of a 63-acre site that straddles this town and Danvers. The Quincy-based developer has applied for a comprehensive permit for the project and is under contract to acquire the parcel.
SAN DIEGO-Two transactions involving self-storage complexes--including a purchase by one of the largest operators of such facilities in the nation--have been finalized in different regions of the county at a combined value of $5.5 million.
CHICAGO-Besides the US Housing and Urban Development, money for the mixed-income development of 465 rental and 299 townhouse units will come from city, state and private sources.
PHOENIX-International Sunprint bids farewell to California and comes to Arizona in search of reliable power and room to expand. The silk-screen manufacturer spends nearly $1.4 million for a 39,000-sf industrial building in the Black Canyon submarket.
AUSTIN-Austin City Manager Jesus Garza heeds a beckon to manage the Lower Colorado River Authority. Round Rock Mayor Robert Stluka has eyes on being a lobbyist in the state legislature. Both men have been instrumental in community growth.
SEATTLE-Seattle's Best Coffee, a subsidiary of AFC Enterprises Inc., plans to develop 14 cafes in the Hawaiian Islands. Four such shops already have been developed, the most recent in the Pearlridge Mall in Honolulu on the island of Oahu.