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ORANGE COUNTY, CA-San Francisco-based First Banks America acquires Orange-based BYL Bancorp, which has seven offices here and in neighboring Riverside County. The merger could make even more money available for Southland projects.
LISLE, IL-With a 28% vacancy rate in the soft East-West Corridor, the Lisle Executive Center has been a challenge for Great Lakes REIT until Boulder, CO-based Intrado, Inc. takes 28,749 sf at 3030 Warrenville Rd.
ALISO VIEJO, CA-The 600-megawatt plant will be connected to the US electric grid, providing power for energy-starved California. Known as Termoelectrica de Mexicali, the $350 million plant will rise in Mexicali, Baja California.
LOS ANGELES-Developer G.H. Palmer Associates says it will file a lawsuit over the City Council's decision to reject the company's plan to build 300 units of sorely needed housing Downtown.
DETROIT-Dennis Archer will tout Detroit as the center of the area's future with Southeast Michigan Council of Governments delegates Thursday. The assembly will be updated on developing a regional mass transit plan.
NOVI,MI-Oakland County Executive L. Brooks Patterson says his Automation Alley competes well against Silicon Valley, and will may surpass California's jewel with the acquisition of billion-dollar Covisint.
PHOENIX-Jose Vilanueva, a Phoenix real estate investor, has acquired the 22-unit Kingsley Apartments near the city's uptown section. Vilanueva has paid $770,000 or $35,000 per unit for the property.
PHOENIX-Hewson Development Corp. is ready to close on 4.2 acres near Sky Harbor Airport. The 70,000-sf industrial project had been stalled until affordable clean ground could be located. At $4 per cubic yard, it's time to close the land sale.
WASHINGTON, DC-CarrAmerican Urban Development will serve as project manager for the relocation oftThe Freedom Forum/Newseum from Arlington, VA to a building just west of the Capitol.
SEATTLE, WA-While other sectors of Puget Sound's commercial real estate market have weakened, Paragon Real Estate Advisors says its niche--the brokerage of apartment complexes under 100 units--is strong and showing no immediate signs of a slowdown.