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CHICAGO-AMLI Residential Properties Trust reports a 23.3% increase in property taxes on its nine suburban properties in Cook, DuPage, Kane and Lake counties, a hit being taken by many other owners throughout the market.
RICHARDSON, TX-SBC Communications Inc. has dotted the "i's" and crossed the "t's" on an $18-million loan for its 174,825-sf office building in Richardson's Telecom Corridor. GE Capital Business Asset Funding provides the capital at 7.8% in a GMAC-structured deal.
DETROIT-A West Bloomfield, MI researcher paints a portrait of struggling Detroit area office market, but believes it can be saved with a halt to construction and cautious dealing.
SACRAMENTO-Working on a steep hillside slope, crews have just begun demolition of a small building on the site. The 76,000-sf, three building vocational training facility is 13 months out. DPR Construction is the general contractor.
DALLAS-The lead tenant at Dallas' Centura Tower is bucking a sit-and-wait trend and following one market watcher's advice that now is the time to expand. Publicis Worldwide Communications Group has boosted its lease to 112,712 sf.
PLANTATION, FL-Instead of doing its own inhouse leasing, the Tampa, FL-based office developer is going with C&W to fill the newly constructed Royal Palm at Southpointe office park in this Broward County community 24 miles north of Miami.
WASHINGTON, DC-In the deal, which covers 12 buildings that have already been wired for access, Cogent is presently the exclusive provider of high-speed Internet and data services.
Washington has statewide tax-appeal rules, but local options can lead to confusion. The variations among the Seattle-area counties exemplify the problem.…
SCOTTSDALE, AZ-UNUM Life Insurance Co. has earned nearly $3 million in selling a 113,900-sf office-industrial property after six years of ownership. Camidor Property Services pays more than $12 million in its first Valley acquisition.