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ST. PAUL, MN-As cities and developers wait to see what the Minnesota Legislature proposes for commercial and investment property tax reform, two of the largest projects in St. Paul history are on hold.
ATLANTA-Neighboring Paulding County is getting the attention of developers as its population starts to swell and traffic congestion accelerates on all arteries leading to and from Atlanta.
POWAY, CA-Despite objections from the project's future neighbors, city leaders here have given the nod to Hillside Village, a 71-unit affordable housing apartment complex at Community Road and Civic Center Drive.
MIAMI-Randall Hill, principal officer of Re/Max, will manage his offices as a senior vice president with Esslinger-Wooten-Maxwell Realtors which produced $1.3 billion in sales last year. The value and terms of the merger weren't disclosed.
LONDON-Over half the top law firms in London plan to expand by between 10 and 18% over the next two years, according to new research from agents Kinney Green.
LOS ANGELES-The eyewear company has signed a lease for 58,181 sf of office space at San Dimas' Via Verde Corporate Plaza. Bausch & Lomb will consolidate its Irvine and Claremont operations.
CORAL GABLES, FL-The owner of a 40,000-sf office building in this city, six miles south of Downtown Miami, negotiates an additional $3 per sf on a lease extension with a Miami-Dade County agency.
COSTA MESA, CA-Vista Hills Apartments, built in 1978, was 97% occupied at the time of sale. A dearth of buildable lots and the increase in population is keeping apartment vacancy levels low, rents high and the market active.
HOUSTON-Two class-B apartment complexes, totaling 255 units, have been bought via a $6.9-million financing package. The unidentified buyer has taken title to the Carlisle Apartments and Park Westwood.
DALLAS-A new law firm, Brown & Hofmeister LLP, has set up shop in 10,482 sf at the Dallas CBD's Bank One Center. The 222,000-sf, class-A structure has reached 88% occupancy, due in part to a steady stream of attorneys who office there.