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  • Fannie Mae Announces Early Redemptions

    WASHINGTON, DC-Fannie Mae has announced $130 million worth of early security redemptions later this month. The five securities carry interest rates ranging from 6% to 7.6%. They are slated for April 17 and 18.

  • Orange County, NY's Rampe to Receive MVP Award

    GOSHEN, NY-The Orange County Partnership reports that it will award Orange County Executive Joseph Rampe with its annual Most Valuable Player Award on May 30 for his work in promoting economic growth in the region.

  • Airport Transit Extension Prompts Development

    SAN FRANCISO-In the cities of San Bruno, Colma and Daly City projects are already in the works focused around transit stations. In thriving transit hubs like San Mateo, tenants are signing up for space within walking distance of transportation.

  • ProLogis Plans Second Spec Project in 12% Vacancy Area

    CHARLOTTE-The 10-year-old, Denver-based developer is confident its 134,000-sf, estimated $10 million industrial building will be filled quickly based on its track record with its first fully-leased asset.

  • Popular Coffeehouse Scuttled Off by Property Manager

    POWAY, CA-Management Co. says it won't renew lease at popular coffeehouse, but may give the spot to Starbucks instead.

  • $120-Mil School Bond Issue Raises Tax Bills

    KANSAS CITY, KS-Major improvements to Kansas City Kansas School District buildings are coming after passage of a bond issue. Commercial property owners will see increases --$235.25 for the owner of a $100,000 building.

  • Leasing Continues at Brisk Pace

    DALLAS-Leasing activity in the past week is putting two new tenants into office space and two retailers prepping for store openings in the metroplex. Staubach has inked 48,562 sf while Weitzman brokers have closed 30,962 sf in leases.

  • Lucent to Cut 1,000 Jobs, May Eventually Consolidate Facilities

    NORTH ANDOVER, MA-Lucent Technologies, the New Jersey-based telecommunications company, plans to cut 1,000 jobs in this state. While the company intends to keep all facilities in this state open, some consolidation might eventually occur.

  • New Law Sets 10-Day Turnaround for Zoning Permits

    ATLANTIC CITY-In a showdown between builders, municipalities and environmentalists, Acting Gov. DiFrancesco came down on the side of the development community. More zoning battles could erupt even with the new law in place.

  • William Felton, Time Equities Acquire Eastside Properties

    BELLEVUE, WA-The two New York firms closed on two Eastside office buildings today for about $37 million. The acquisition is part of a $100 million, 11-property portfolio purchase from ASA Properties of Honolulu.