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OCEANSIDE, CA-A countywide plan to impose regional government could wrestle decisions about land use and transportation away from local control, North County leaders fear.
LOS ANGELES-An automobile auction company signs a 15-year, $25-million lease to use the former Ascot Park racetrack site in South Bay to store the vehicles it plans to sell.
COLUMBIA, MD-R.S. Columbia Holding LLC bought the two projects--home to 47 tenants and including 275,000 sf on 22.5 acres--from Nottingham Properties. The purchase price wasn't disclosed.
WASHINGTON, DC-The NAR forecasts dire consequences if banks are allowed to enter the real estate industry. They could cause more foreclosures and result in fewer choices for consumers, while not providing much profit for themselves.
SEATTLE-Atlanta-based Johnson Controls Inc. is using the International Development Research Council's Pacific Northwest World Congress to launch an online portfolio management product to the commercial real estate industry.
AUSTIN-In a reverse/forward stock split, Austin-based Stratus Properties will buy 70,000 shares from about 5,500 stockholders. The strategy affects stockholders who own 50 shares or less. The plan kicks off May 25.
SPOKANE-When the city received the federal loan to build part of a mall, part of the plan was repayment of the loan using a portion of Nordstrom sales over $40 million, a hurdle it did not clear for its first reporting period.
LA BELLE, FL-Barron's article triggers stock rise of $4.25 to $22.80, company president W. Bernard Lester tells GlobeSt.com. GlobeSt.com reported exclusively in mid-April that Alico Inc. had granted an option to Ginn Development Co on 4,500 acres in Lee County in a deal valued at about $112 million or $24,888 per acre (57 cents per sf). LaBelle is 102 miles west of Downtown Miami.
LIVERMORE, CA-Ingenuus develops Web-based software for management of manufacturing efforts. Pacific Corporate Center is a 400,000 sf complex located on the Interstate 580 frontage between Greenville and Vasco roads.