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FOREST GROVE, OR-Leased by Schuck's Auto Supply, the property sold for 99% of its list price, according to sources close to the deal. The seller was the Mitchel-Kocken Trust of Portland. The buyer was Rudi DeGrinis of Thousand Oaks, CA.
DENVER-High school and college age students develop the bank at First Avenue and Monroe Street through a monthly "Economics of Construction" class run by general contractor Etkin Skanska Construction Co.
LANSING, MI-New laws will change municipal zoning rules to allow for more density on single and multifamily developments while providing developers with incentives to preserve open spaces.
STAMFORD, CT-In a $4-billion deal, GE Capital, a subsidiary of General Electric Co., intends to gain a position in a variety of niche commercial real estate markets with the acquisition of Security Capital Group Inc.
BARRINGTON, IL-Another three months may not seem like much of a delay after two decades of debate. More time may result in a more amicable deal for one major "Golden Triangle" parcel rather than unpleasant eminent domain proceedings.
ROUND ROCK, TX-Partnerships affiliated with Live Oak Development plan a 175,000-sf project, but they're not ready to build yet. A 198,000-sf speculative office building and parking garage is being built next door.
TROY, MI-A local firm wants to build up to a 13-story office building in a heavy commercial area in the city, off of I-75 expressway. The city council will decide Monday on a zoning change.
HOUSTON-Ross Dress for Less and Sears Great Indoors are each opening stores in the market. The stores -- Ross Dress for Less is leasing, Sears is buying -- are scheduled for first-half 2002 openings.
NEW YORK CITY-A recently launched property management firm with an impressive pedigree closes out the year with five new agencies and deals in the works on another three.
ALBUQUERQUE, NM-An already strong multifamily rental market will remain that way, predicts a report by Grubb & Ellis. Lack of available land in the northeast and northwest submarkets holds down supply.