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EL CAJON, CA-The City Council has extended a deadline to the owners of a dilapidated hotel to raze the building. But The Cortez Motel will be coming down next month, be it by city wreckers or the motel's owners.
BELLEVUE, WA-John Su has added another proposed project to his Downtown portfolio. Su has submitted plans to the city for Ashwood Commons, a mixed-use complex that includes retail, offices and apartments.
NEW YORK CITY-Murray Hill Properties/TCN Worldwide has closed on the acquisition of Madison Square Park at 15 East 26th St. between Madison and Fifth Avenues, near the Met Life building.
BOULDER, CO-A University of Colorado at Boulder study predicts 48 million new people in the 11 Western states by 2050, with 26 million acres to be developed as a result of that population growth.
DALLAS-A long-time friendship and desire for a national presence puts Dallas-based Askew/Reese Investment Co. into the fold of Minneapolis-based NorthMarq Capital. Changes are afoot in the firms' Dallas, Austin and Houston offices.
ATLANTA-A. Ray Weeks Jr., whose family built an industrial real estate dynasty in metro Atlanta over 40 years and then merged the firm with Indianapolis, IN-based Duke Realty Investments Inc. in 1999, is leaving the REIT as vice chairman to get into another undisclosed business.
ATLANTA-A. Ray Weeks Jr., whose family built an industrial real estate dynasty in metro Atlanta over 40 years and then merged the firm with Indianapolis, IN-based Duke Realty Investments Inc. in 1999, is leaving the REIT as vice chairman to get into another undisclosed business.
BOSTON-A.P. Levin pulls its complex of office and retail properties off the market. The 325,000-sf portfolio, which consists of eight buildings, is located in the burgeoning Downtown Crossing shopping district here.
LOS ANGELES-A new report from Delta Associates says vacancies will drop over the next two years, as development slows and demand keeps growing. Delta is the research arm of Chicago-based property-management giant Transwestern Commercial Services.
SPOKANE, WA-The locally based savings and loan holding company has an agreement to buy the locally based commercial real estate lender for $7.50 per share, or $9.75 million. Both companies' boards have approved the merger and shareholders are expected to follow suit.