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PORTLAND-Elections officials this week certify petitions that will force a public vote on the fee, which would top $1,000 per month for high-traffic businesses and large building owners and less than $2 per month for homeowners.
CHICAGO-Rodamco North America, which bought locally-based Urban Shopping Centers last year for $3.4 billion, resists Westfield Holdings Limited's attempt to have a say in management of the Netherlands-based retail company.
CAMBRIDGE, MA-This area's current commercial real estate market woes can be seen in onExchange's relocation of its headquarters here from Waltham. The company signed the lease within the last two months and says that the drop in rents enabled it to make the move.
SAN ANTONIO-The nation's first US Army project to redevelop a base for private use launches at Ft. Sam Houston. A $50-million, 435,009-sf project teams the Army, Orion Partners of San Antonio and the PA-based RF Weston engineering company.
DALLAS-Henry S. Miller Commercial in Dallas has brought a new vice president on board to lob a play for the nationwide retail market. For now, Gary White is soloing, saying the new service will take a couple years to build.
CHICAGO-The 28-story, 497,500-sf West Loop office building is bought by Lend Lease Real Estate Investments, Inc. and a local partner on behalf of an institutional investor. Another offer for $90 million reportedly fell through.
DENVER-Earnings per share in the first six months of 2001 jump to $0.23 per share, up from $0.10 per share for the same period last year. Funds from operations are down, partly because of new properties acquired in the past year.
SUNNYVALE, CA-A sublease agreement has been reached between IOA Corporation and PLX Technology that will allow IOA to move into its first solo office space.
ORLANDO-The city of Orlando has cleared Baldwin Park Development Co. for ground breaking on the planned $1 billion, 1,100-acre mixed-use Baldwin Park community at the former Orlando Naval Training Center site, three miles east of Downtown. It's the biggest in-city development in 25 years.
PORTLAND-The dog days are here and the tenants are no where to be seen, which means there are some pretty tasty concessions to be had for getting one on the hook and in the boat. A trip to Jamaica, anyone?