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PORTLAND, OR-The investment group specializing in mortgage and real estate related assets -- and run by Wilshire Financial executives Andrew Wiederhorn and Lawrence Mendelsohn -- is reporting a $4.4 million loss for its third quarter ended Sept. 30.
DALLAS-Frank D. May, an 18-year veteran of the Dallas-Ft. Worth market, is on board as a vice president of investment properties for the Weitzman Group. May joins the throngs of those professionals playing musical chairs to keep pace with a slipping market.
NEW YORK CITY-Design plans for 505 Fifth Ave. were unveiled this week by LCOR Inc., owner and developer of the 275,000-sf building scheduled to open in 2003 just down the block from Grand Central Terminal.
AUSTIN-DPT Inc., a repair operation for computer screens, closes an option for 104,000 sf in an under-construction building at Opus South's Crystal Park. The city sweetens the deal with a $600 incentive for every job above and beyond the 200 mark.
PORTLAND, OR-Four months after breaking ground, locally-based PacifiCorp says 50 one-megawatt wind turbines are now lining the northern reaches of Foot Creek Rim, WY, delivering clean, renewable power to its customers.
SEATTLE-In an attempt to bolster its planning and estimating capabilities, McCarthy Building Companies Inc. has named two people to its company preconstruction services team.
CHICAGO-Panelists tell GVA Worldwide's conference here say private offices are out, cubicles in, with law firms being one notable exception. Accommodations also must be made for technology, they add.
OAK BROOK, IL-Great Lakes REIT projects an occupancy rate of 85% in 2002, when nearly a quarter of its portfolio rolls over. Funds from operations will drop slightly as a result, company officials say.
ORANGE COUNTY, CA-A Superior Court judge says the county broke the law by slapping a retroactive property-tax increase on Robert Pool to make up for the years when values didn't rise. If upheld, the decision could ultimately cost state and local governments millions of dollars in revenue.
LA BELLE, FL-One of the state's largest agriculture and land-holding companies is reporting Aug. 31 fiscal year net income of $16.1 million or $2.29 per share versus $14.1 million or $2.01 per share for the comparable 2000 period. La Belle is 150 miles north of Downtown Miami.