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TROY, MI-The council is offering $1 million for a former condominium parcel, and will condemn the land if necessary. Matthew's Farms LLC's plans for 100 condominiums have failed to materialize after a year.
SAN DIEGO-Shareholders will vote Aug. 9 on the merger of Excel Legacy Corp. and Price Enterprises Inc. Meanwhile, the companies announce a $100 million investment by Warburg Pincus in the combined operation.
SAN ANTONIO-The Walsh, Anderson, Brown, Schulze & Aldridge firm is moving into an 8,655-sf spot in the premier 298,2890-sf One International Centre. The specialty law firm also has offices in Austin and Irving, TX.
ALBANY-Approximately 150 Realtors from across New York State lobbied state lawmakers today (Tuesday, June 5) for enactment of a host of real estate bills, including a proposal that would protect broker commissions in commercial sales transactions.
PORTLAND, OR-From overview analysis by national experts to local takes by regional executives, debt is plentiful for apartments and multitenant industrial parks, but harder to come by for riskier retail and office product.
AUBURN HILLS, MI-The home of Daimler-Chrysler is about to absorb 134,000 sf of office/industrial space with Dallas-based Koll Development Co.'s speculative building on Squirrel Road in the Oakland Technology Park.
SAN ANTONIO-A Texas-based investor has an option to buy Nacon Plaza after brokers secure a new tenant for part of a vacant anchor spot. The Dollar Store will move into 25,714 sf of the 42,130-sf that had been subleased to Big Lots for more than a decade.
LOS ANGELES-In a decision that can now be cited nationwide, the California Supreme Court says victims of attacks at crime-plagued buildings generally cannot collect damages from the owner unless it can be shown the attack was a direct result of inadequate security.