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DALLAS-It's one day at a time in the Dallas-Ft. Worth region, just like many other parts of the country. In a healthy sign, six office deals, totaling 63,344 sf have closed. One pact, rare for these days, is 30,000 sf at Churchill Tower, located along Coit Road in Dallas.
TAVARES, FL-Multifamily and single-family projects help jump the tax roll to $8.46 billion, up 10% from $784 million the previous year in a county with only 210,528 permanent residents. Tavares, the county seat, is 38 miles northwest of Downtown Orlando.
SAN ANTONIO-Transwestern Commercial Services' San Antonio team has landed the leasing duties for the 133,434-sf Greater Northwestern Shopping Center. The former leasing agent, Rohde Realty, will continue to manage the center.
WASHINGTON, DC-Fannie Mae and Freddie Mac have shaken hands on a common format for automated underwriting. The agreement is believed to speed the process and save money for borrowers and lenders.
MILPITAS, CA-The Interstate 880 widening project in the Milpitas corridor is expected to cure 9-mph commutes that have stifled development in the area.
DETROIT-The company decides against relocating its e-commerce division and eliminates plans for a three-story office tower attached to a parking structure. It will add single level of parking and an increased retail area.
PORTLAND-The entertainment company out of Ontario, Canada, has signed agreements to acquire the operations of Multnomah Greyhound Park and to operate the Portland Meadows thoroughbred racetrack while developer Tom Moyer decided on a redevelopment plan.
CHICAGO-Buyers are acquiring multifamily rental property in this market at capitalization rates under 8% as the market begins to emulate hot markets on the East and West Coasts. Purchases are made with the expectation of rent increases.
CHICAGO-The alliance between Democratic Mayor Richard M. Daley and Republican Governor George Ryan has produced city-state incentive packages to spur major industrial redevelopment projects, particularly on the Southeast Side.
IRVINE, CA-The project was 100% leased at the time of sale to the Northern California-based purchaser. Developed by the seller in 2000, the property is known as the Sand Canyon Medical Building