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PORTLAND-As the potential for Portland's first recession in a decade grows, very few commercial developers are seeking funds for new construction and the banks are very cautious about lending it out, U.S. Bank vice president Luther Barker tells GlobeSt.com.
SEATTLE-King County Councilmember Maggi Fimia has released a list of projects that could be in fiscal jeopardy under the budget proposed by County Executive Ron Sims for FY 2002. Included in that list are an upgrade of the Burke Gilman Trail and the Magnolia Dairy Project.
ORLAND PARK, IL-Surrounded by Orland Square Mall as well as a luxury town home and assisted living development, the Terry's Lincoln Mercury property at 9401 W. 143rd St. is up for a sealed-bid auction Jan. 22.
ATLANTA-Sembler Co. of Clearwater, FL and Noro Broadview Holding Co. of the Netherlands are setting a 2003 demolition of a 379,230-sf shopping center to clear the way for a massive redevelopment.
BIRMINGHAM-The Confederation of British Industry Conference will today hear a call from Roger Bootle--ex-chief economist at HSBC--to take property issues more seriously.
OCEANSIDE, CA-A health care organization has renewed its lease for space in a medical building here in a deal valued at $1.8 million. The building owner is Mission Park Medical Building Partnership.
BOSTON-City Mayor Thomas M. Menino decides to support the Community Preservation Act, the proposed 2%surcharge on property taxes in this city that will go to fund affordable housing and preserve historic sites and parks. The Act will be a question on this Tuesday's ballot here.
RALEIGH, NC-EYC Cos. gets $22 million from GMAC Commercial Mortgage Corporation to construct a 328-unit luxury apartment complex. The structure will have a convenient location just outside the region's popular Research Triangle Park.
SAN FRANCISCO-Michael Huaco brings 15 years of corporate real estate experience to Insignia/ESG, where he will focus on establishing new corporate real estate relationship with the Bay Area's major firms.