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COSTA MESA, CA-The company paid $9.9 million for a multifamily project in Costa Mesa. A report from Marcus & Millichap is optimistic about the county's tight apartment market.
MINNEAPOLIS-As users feel the economic slump, new construction has come to a "virtual halt" in the Twin Cities while the overall industrial vacancy rate has climbed to 11.4%, according to a new report from United Properties.
WOODBURY, NJ-A variety of state agencies are participating in the conversion of a former industrial site by developer ISD. The first phase will be ready in mid-2002.
MINNEAPOLIS-Sandy Hansen is director of management for the commercial real estate developer as well as chair of two committees for the Building Owners and Managers Association International.
DENVER-Archstone Communities plans to lease 64,000 sf in a building across from its headquarters for the accounting operations it is moving from El Paso, TX, part of a consolidation as a result of a merger.
LONDON-Rental growth has ground to a standstill in many of the prime office areas of Europe, according to research released today. Telecoms and high-tech operators have put their requirements on hold until the outlook for the US and global economies becomes clearer.
DALLAS-In "bread and butter" sales, a Grubb & Ellis VP Tuesday closed deals on older multifamily complexes in Mesquite and Garland. The combined take tallies about $4.3 million. The market has definitely picked up in the past two months, says the broker.
MIAMI-A newly released mid-year market survey, predicts, however, that leasing activity will rebound quickly once the economy re-emerges from the current slowdown.
LONDON-If finding good retail staff is difficult then keeping them is becoming an Olympic level challenge according to a leading employment expert who spoke at a recent Shopping Centre Management Conference.
CANBY, OR-Canby Grove Apartments is approved for 4.47 acres in exchange for the permanent public use of a private park. The developer is Salem, OR-based Mountain West Investment Corp. The landowner is Melvin Beck.