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VISTA, CA-The long-delayed Vista Village redevelopment project is gaining momentum more than 15 years after being approved by city voters. The City hopes to secure financing for the 37-acre project by the end of December.
CRANFORD, NJ-While most of the REIT's dealmaking was in the northern and central parts of the state, CSC's leases at two South Jersey locations totaled more than 90,000 sf.
SAN FRANCISCO-Approvals have been doled out recently for a handful of senior and assisted living centers in the Northern California region. One of the projects will convert a San Francisco theater for housing. Three others will be built from scratch.
ATLANTA-Post Properties and the New York State Common Retirement Fund put the finishing touches on a $75 million joint venture to develop Post's first apartment complex venture in Southern California.
DENVER-The dark cloud on the horizon is the 15.6% vacancy rate in R&D/flex space, notes Grubb & Ellis, particularly in the Southeast and Northwest submarkets. Also, an uptick in sublease space is cause for concern.
LOS ANGELES-The project entails interior improvements at the Hilton Burbank Airport & Convention Center. It will cap off a year of renovations at the 50,000-sf Hilton property.
PHOENIX-The nation's largest Applebee's franchiser is building his 26th restaurant in Arizona, paying $775,000 for a 50,000-sf pad site at Foothills Corporate Park. Thomas & King of Lexington, KY plans a first-quarter opening.
SAN FRANCISCO-Approvals have been doled out recently for a handful of senior and assisted living centers in the Northern California region. One of the projects will convert a San Francisco theater for housing. Three others will be built from scratch.
ORANGE COUNTY, CA-Activity in the county's industrial sector has slowed dramatically over the past year, according to new research by Colliers Seeley. This year's third quarter wrapped up with a mere 2.7-million sf in sales and leasing activity, as compared to 5.7-million sf for the same period in 2000.
FREETOWN, MA-Weyerhauser Corp. inks a deal to move its Walpole, MA facility to an 88,000-sf industrial build-to-suit at the Campanelli Business Park here. Delivery is set for spring 2002.