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SANTA ANA, CA-A leading provider of software systems to the title and real estate industries, Micro General announces a 170% rise in net income from third quarter 2000 to third quarter 2001.
NEW YORK CITY-Given the dire straights of the hotel sector after the Sept. 11 attacks, the expectation that things may bottom out by June may actually be good news. Our survey respondents see limited-service coming back first.
ORLANDO-Jeffrey T. Morris and Jubeen F. Vaghefi who have teamed in $1 billion worth of transactions to date, are joining the New York-based firm's new Capital Advisors Group in Orlando.
ORLANDO-Nobody is talking so it is unclear whether Felix Mussenden was fired or resigned abruptly Tuesday as president/CEO of the 29-year-old theme park, the No. 1 rival to Walt Disney World. Don Potts, senior vice president/operations, was laid off.
DENVER-Sears was willing to sell a site near Interstate 25 and Sixth Avenue to the city for $20 million as part of a $325-million jail project, narrowly defeated by voters expressing NIMBY and anti-tax sentiments Tuesday.
FEDERAL WAY, WA-The City Council here is holding a public hearing this evening on a proposal to give developers a 10-year property tax break on the residential portion of Downtown development projects.
WASHINGTON, DC-The Service Employees International Union (SEIU) says Boston Properties' collection of undeveloped land has grown at a potentially hazardous pace. SEIU's Boston Properties Watch--the union's information service that operates independently of the REIT--reports that Boston Properties' land bank has increased by 45% over the last 18 months.
BIRMINGHAM, MI-An Indianapolis investment firm pays $40,734 per unit for four central Ohio multifamily rental properties from Associated Estates Realty Corp., one of the largest property owners in the state.
PHOENIX-A near $5.7-million sale in Glendale goes for more than the norm. Location and condition of the 15-year-old complex were key, but so were market conditions. Low interest rates and fewer developable sites fuel an ongoing hustle and bustle.
NEW YORK CITY-There's a bumpy road ahead for the short term, but one of Manhattan's leading real estate players addressing an audience at the Waldorf-Astoria Hotel this morning said "the glass is half-full, not half-empty.