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  • Del Webb Reduces Debt With Land Sales in Texas and South Carolina

    PHOENIX-Retirement community developer Del Webb is reducing it's burdensome debt load by selling off land in its communities in Texas and South Carolina and entering into partnerships in Arizona and Nevada.

  • Drug and Communications Firms Expand Presence

    DANBURY, CT-Boehringer Ingelheim Pharmaceuticals and ComNet Communications have expanded their lease deals by a combined 15,629 sf at the Corporate Center office complex here. Delmhost & Sheehan represented the building owner.

  • Fitch Upgrades 26% of CMBSs Reviewed in 2000, Downgrades 4%

    NEW YORK CITY-Most of the upgrades resulted from increases in subordination levels resulting from paydowns. Downgrades affected the health care industry, retail factory outlets, credit tenant lease deals and limited service hotels.

  • The Pape Group Ups Offer to Mt. Bachelor Shareholders

    BEND, OR-The Eugene, OR-based company, which already owns 23%, is competing with Utah-based Powdr Corp. for control of the resort. So when it heard Powdr extended its offer deadline, The Pape Group upped its offer by $1,000 a share.

  • Mortgages Worth $9.6 Mil Closed for Apartments

    NEWARK-PW Funding puts together the mortgage refinancings, combined into one loan under Fannie Mae's DUS program, for complexes totaling 401 units. The two apartment towers include office and retail space as well.

  • 235,000-sf Building Underway for Microsoft Corp.

    REDMOND, WA-When complete, the four-story building will bring the software giant's owned space on the Eastside to more than 5.1 million sf. Add in leased space and the number rises to more than 8.6 million sf.

  • Area Retail Remains Stable Despite US Slowdown

    CHARLOTTE-Construction lags somewhat but most of Charlotte's 31 million-sf retail inventory is keeping its value, Lincoln Harris brokers tell GlobeSt.com as international shopping center developers open conference here March 19.

  • Farmers Insurance Closes Local Office, Lays Off 130

    CARLSBAD, CA-Farmers Insurance Co. will close its service center in Carlsbad as part of a consolidation of its offices.

  • Environmental Court Opens in Westchester

    WHITE PLAINS-An Environmental Claims court has been opened in Westchester County to handle civil cases affecting the environment but also issues surrounding the real estate development approval process.

  • C&W Loses Another Leading Executive

    DALLAS-Steve Everbach has departed Cushman and Wakefield of Texas as asset director, heading to Lazarus Property as COO. It's a chance, says Everbach, to be a principal. C&W executives focus on the upside.