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DALLAS-Money is still there to be had for Texas projects, say commercial real estate professionals. It's a little tighter than last year, but it's just caution on the part of lenders, who are keeping the state in check for the future to avoid reliving the past.
PALM BEACH GARDENS, FL-The locally based commercial general contractor enters an expansion mode as demand increases and five-month contract volume soars to $175 million.
SCHAUMBURG, IL-The debate on whether to levy sales taxes on Internet transactions comes to the National Edge Cities Conference in this self-sufficient northwest suburb of Chicago, home of Woodfield Shopping Center.
FAIRFAX, VA-The Prosperity Business Campus here, consisting of four office buildings and eight flex-space buildings, has been purchased for $88.4 million. The buyer is California-based PS Business Parks Inc.
HOUSTON-Prestige Rental Purchase and Leslie's Pool Supply are setting up new locations in the South Texas communities of Jasper and Beaumont. The deals have been sealed in talks between Houston's Boyd Page and Phelan Investments.
ANAHEIM, CA-The O'Donnell Group of Newport Beach recently broke ground on the facility, to be known as Anaheim Gateway. It one of several to spring up recently in the county's tight industrial market.
FOLSOM, CA-The major power producer signs a long-term lease here for 88,300 sf. It is moving from a smaller, older building in town. The company's Folsom office coordinates new plant construction nationwide.
DENVER-Bill Schuck, president of the Schuck Corp., is paying a third of the $3.5-million cost of the road, along with the city of Aurora and Adams County, serving the 6,200-acre Transport business park under development.
SCOTTSDALE, AZ-The Stool & Dinette Factory is opening a 10,000-sf location at the East Thunderbird Square-North. The casual indoor-outdoor retailer is joining a host of competitors that has opened in two neighboring centers.
SOUTHLAKE, TX-Terrabrook has signed Good Fulton & Farrell to design its 550-acre Aventerra project. The challenge is to create a new generation, mixed-use commercial development by wedding environment and high-tech must-haves.