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SAN DIEGO-The dot-com meltdown fluffed up the county's office vacancy in the first six months of the year, according to statistics from CB Richard Ellis.
SAN DIEGO-The dot-com meltdown fluffed up the county's office vacancy in the first six months of the year, according to statistics from CB Richard Ellis.
NEW YORK CITY-Despite a decline of more than $3 billion in 2Q compared to the first quarter, nearly twice as many non-hotel trusts issued debt or preferred stock during the first six months of 2001 as did last year. Going forward, mergers and acquisition activity is expected to pick up.
SANTA ANA, CA-The newly rehabbed 73,500 sf grocery-anchored center is the latest asset for its new Mexican owner. Part of a 1031 exchange with another property owned by the private investor elsewhere in the United States, the center is located at 1710-1730 E. 17th Street.<p>
GLENDALE, AZ-Edu-Vision, a division of the College of Allied Health, has leased 20,000 sf in a growing educational hub in the West Valley. The tenant will set up classrooms in Glendale's Brookwood Commerce Center.
MESA, AZ-Investors Thomas Bassett and Sandra Lynch of California have bought the Country Club Greens, paying nearly $45,600 per unit to seller Bill Brown of Gardena, CA. The 68-unit Country Club Greens abuts the Mesa Country Club.
DENVER-One of the nation's largest industrial real estate investment trusts will build a 196,000-sf distribution center in Shinkiba for DHL Japan Inc., which signs a 20-year lease for a hub for its operations.
NEW YORK CITY-Despite a decline of more than $3 billion in 2Q compared to the first quarter, nearly twice as many non-hotel trusts issued debt or preferred stock during the first six months of 2001 as did last year. Going forward, mergers and acquisition activity is expected to pick up.
AUSTIN-Rising office vacancy has hit the pocketbook of building owners, with rent dipping 42 cents per sf between first quarter and Q2 closings. The average now rests at $27.15 per sf, with the CBD being hardest hit as rates plummet $4.20 per sf.
BOSTON-A number of Massachusetts towns want the State to reform Chapter 40B, the so-called anti-snob zoning law, out of concern that developers are using the law to circumvent local zoning regulations. Governor Jane Swift has proposed a number of changes to the law.