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NAPA, CA-The Napa, Santa Cruz and San Francisco projects are designed to assist elderly people with low incomes. The HUD Section 202 grants will create more than 6,000 federally subsidized apartments nationwide.
GREATER BOSTON-Preliminary third quarter figures released by Torto Wheaton Research indicate that this area's vacancy rates in office space are edging closer to the national average and an analyst with the firm blames the high volume of construction.
SPOKANE, WA-In announcing its three- and nine-month fiscal results, the full-service hotel owners reveal the company was not spared the effects of Sept. 11. But it remains optimistic the travel industry will rebound in the coming months.
WINSTON-SALEM, NC-SciWorks is embarking on a $1.05 million expansion and renovation project expected to last six months and adding 4,000 sf for a total 59,000 sf.
MINNETONKA, MN-Jeff Steinke, who was instrumental in the mixed-use Arbor Lakes development as senior property manager, will monitor financial performance of the company's commercial real estate portfolios.
DALLAS-The Weitzman Group in Dallas takes over leasing duties for the tony Shops of Highland Park, a 45,000-sf lifestyle center in the heart of two well-heeled neighborhoods. Owner Corrigan Properties had handled the center in house.
BALTIMORE, MD-Trammell Crow reports a flurry of real estate transactions involving eight different clients. The deals include more than 700,000 sf of commercial space in the greater Baltimore region.
LONDON-Land Securities Trillium has completed the refurbishment of 43,500 sf of surplus office space in its headquarters building at 140, London Wall in the City.
DALLAS-Stephen L. Thelen, a repeat top producer and senior director for Cushman & Wakefield in Dallas, is the latest draft by the Staubach Co. He is the new vice president of corporate services. It's all about building a top team, says Staubach's Ka Cotter.
NEW YORK CITY-W.P. Carey's third-quarter earnings, released today, show a gain--albeit a modest one--over the same period last year, adding another coat of polish to the firm's year-to-date performance. Contributing to the company's positive growth were a series of sale-leaseback transactions totaling $89 million.