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NEW YORK CITY-Some 70 brokers and 80 low-to-mid-level managers have gotten the axe. Bruce Mosler says the cutbacks were more a matter of clearing the decks for higher production than bending to the pressures of a slumping economy.
BAYPORT, MN-The deal expands Andersen's reach in the specialty windows and doors business geared to light commercial and residential customers. London, ON-based KML Windows targets builders and architects.
ROYAL OAK, MI-Auburn Hills-based Beacon Hill Development Co. wants to build an eight-story condominium, office and retail project along Woodward and I-696. It is offering $620,000 for a 1.5-acre site.
PORTLAND-With costs rising and other issues on the table, the Housing Authority of Portland is backing away from a low-income housing designed by renowned architect Frank Gehry for a site within Homer Williams' River District .
NIAGARA FALLS, NY-Governor George Pataki signed legislation Wednesday that will authorize his office to begin negotiations to create three Indian-run casinos in Western New York and an additional three gaming facilities in the Catskills.
SAN ANTONIO-Blue Cross-Blue Shield's parent company, Health Care Service, renews a 15,639-sf lease for its sales and administration team. The firm is part of the tenant roster at the 174,108-sf Fountainhead One in San Antonio's northwest corridor.
DALLAS-A renewal and expansion for a five-year tenant at a ProLogis park get signed after brokers agree on a below-market renewal rate. ProLogis didn't want to lose a tenant and the wholesale floor distributor didn't want to move.
LITTLETON, CO-Columbine Plaza Shopping Center LLC pays more than twice the assessed value of the 33,990-sf center to Columbine Plaza Associates, which bought the property for $250,000 in 1977.
LONDON-Cross-border investment in Europe fell 40% year-on-year during the first half of 2001, according to new research from Jones Lang LaSalle. The broker says this provides further evidence of the slowdown in Europe's real estate markets.
AURORA, CO-Majestic Realty Co. has now leased 75% of the 200,000-sf property scheduled for completion in November with the deal with the Scottsdale, AZ-based company, which sought a Western US distribution center.