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PHOENIX-One of the nation's largest financial institutions is leaving Arizona to focus on its Midwest locations and is selling its assets to the sixth largest bank in the state.
BONITA SPRINGS, FL-The locally based developer of luxury single-family and multifamily products signs $236 million in contracts over the three months ended March 31. Bonita Springs is 105 miles west of Miami.
NEW YORK CITY-The dot-com delivery service Kozmo has closed its doors, and Yahoo! has confirmed rumors that they will cut their work force by 12%. What does this mean for the real estate community?
SAN DIEGO-A Lebanese group from Los Angeles has sold some vacant land at the southwest corner of Carmel Creek and Shaw Ridge roads in the Carmel Valley area.
SACRAMENTO, CA-The biggest project is now a 116,000-sf building in the Folsom Corporate Center located off Highway 50. It was announced as a 104,000-sf project back in October, but recently expanded the project to keep up with expected demand.
MINNEAPOLIS-Matthew Reid, formerly project manager and team leader for P. B. Verdico, Inc., will manage integrated design-build, development and property management projects for Ryan's new office in Lisle, IL.
PHOENIX-Surprise is going to have to pay more to build a spring training facility for the Kansas City Royals and Texas Rangers, but the city plans to do some belt tightening to get the project done.
SANFORD, FL-After being placed on two years probation by the U.S. Department of Housing and Urban Development for illegally spending $750,000 of federal funds, the four-member board refused to resign and instead worked out a deal in private with city commissioners to stay on until April 30. Sanford is 30 miles north of Downtown Orlando.