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GLENDALE, AZ-Vestar Development is planning a September closing on 53 acres that will open the door to a fall ground-breaking on a 524,000-sf retail project. Agua Fria Towne Center's first phase will bring a 204,000-SF Super Wal-Mart and 60,000 of shop space and pad sites.
DENVER-The area near Coors Field draws the attention of Stephen Owen, whose $40-million Lofts on Park Avenue plan includes renovating an existing 70,000-sf office building as well as constructing 112 new lofts.
VANCOUVER, WA-Year-over-year, the June unemployment rate was the highest since June 1992 and more than a point higher than the 4.3% in June 2000. Slightly more than 10,000 county residents were seeking jobs during the month.
FAIRFAX, VA-Brookdale Investors Two LP has sold its Greenbriar Corporate Center here for $15 million. Carr Capital led a private investor group to acquire the building, which is located in the Fairfax Center submarket.
TUCSON-The 91,000-sf Plaza Escondida in north Tucson has changed hands in a $10.2-million deal backed by investors from Scottsdale and Estes Park, CO. Seller Venture West will continue to manage the retail center.
DENVER-The wholly-owned subsidiary of Marcus & Millichap hires former JP Morgan Mortgage Capital vice president and originator Brent Tharp as the central regional director to run the office.
FAIRFAX, VA-Brookdale Investors Two LP has sold its Greenbriar Corporate Center here for $15 million. Carr Capital led a private investor group to acquire the building, which is located in the Fairfax Center submarket.
TETERBORO, NJ-The Binswanger/Klatskin executive who has the exclusive on the space, in three different locations, contends it is less of a sign of market weakness, and more one of heavy activity.
ORLANDO-The May number was 65.7%, the lowest since the Orlando/Orange County Convention & Visitors Bureau Inc. started keeping detailed monthly occupancy records in 1989. The national average for May was 63%. Lower occupancies are projected for June.