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OAKLAND-The Port of Oakland has sold four prime properties appraised at $18.5 million to private developer for $17.2 million as part of a larger development project.
GALVESTON, TX-Despite strong city support, Galveston voters say "no" to a proposed merger with the Port of Houston. Under the plan, Houston would have kicked in $30 million over the next 10 years and serve as the merged port's manager.
BURNSVILLE, MN-The $10-million, 19,500-seat project would have and 11 p.m. curfew and meet state sound statutes if a Metropolitan Council committee has its way. Crowds also would be capped at 20,000.
IRVINE, CA-The Irvine Co. awards Insignia/ESG Inc. with a property management contract involving 3.5 million sf of Class A office space throughout Orange County, Los Angeles and San Diego. Insignia now services a portfolio of approximately 22.5 million sf for The Irvine Co.
DEARBORN, MI-Older buildings need updating, infrastructure must be replaced and beds should be switched around to provide better care for the area, the hospital group says.
ORLANDO-Spotlighting Lake Mary's $200-million, mixed-use Colonial TownPark, the Central Florida Chapter of the National Association of Industrial Office Properties selects Birmingham, AL's Colonial Properties Trust as its 2001 developer of the year.
REDMOND, WA-TrendWest Resorts Inc. says it expects FY2001 net income to reach record levels, roughly 26% ahead of FY2000 results, on revenues in excess of $460 million.
MIAMI-Miami-Dade and Palm Beach counties are posting moderate growth in their office markets. Broward County, on the other hand, is "growing by leaps and bounds.
AUSTIN-The northwest submarket has shouldered the brunt of the blame for this year's mounting sublease space. That no longer is the case, according to Buls-Hodge Consulting. The northwest now accounts for 49.3% of the open space instead of 60%.
PHOENIX-A limited liability company, headed by Paragon's Doug Dragoo, pays $5.95 million for Bank One Arizona's Northern Corporate Center. As soon as the ink dried, renovations started and a 38,000-sf tenant signed for the vacant property.