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DALLAS-The Beechwood Co. has hired a senior vice president and CFO to lead a push to spur its 900-acre business park toward completion. Crucial anchors are in place and the first office project, totaling 100,000 sf, could break ground by year's end or Q1 2002.
DENVER-The direct vacancy rate remains strong at 9.32%, but when subleased space is included in the equation, it rises to 11.93%, according to a first quarter report by the Denver office of Jones Lang LaSalle.
FREMONT, CA-The biopharmaceutical company is taking space adjacent its headquarters. It now occupies more than 345,000 sf in Fremont, including 290,000 sf leased in the past 12 months.
MIRAMAR, FL-The Atlanta-based developer of industrial-warehouse properties embarks on a wave of construction in Broward County, with 476,100 sf of leaseable space opening later this summer in this community, 16 miles north of Miami.
LOS ANGELES-Inland Paperboard and Packaging signs a 10-year lease to keep 121,000 sf of manufacturing and distribution space at its longtime home in Santa Fe Springs. The building, at 11500 Los Nietos Rd., holds the company's Crocket Container Crop. subsidiary.
WASHINGTON, DC-While REITS report a 7.5% increase in funds from operations, the S&P 500 showed a 6.5% drop in earnings per share, according to the National Association of Real Estate Investment Trusts.
SAN FRANCISCO-Eight of the nine directors are re-elected for another term. The ninth, Douglas D. Abbey, chooses not to stand for re-election and is replaced with company president W. Blake Baird.
SUPERIOR, CO-Denver-based Simpson Housing LP seeks a record asking price for 1,206-unit Horizon at Rock Creek. The price would set a record on a per-unit basis of about $150,000 per unit along with a cap rate below 7%.
GLENDALE, CA-Los Angeles-based CommonWealth Partners acquires three office buildings here totaling 410,000 sf from New York-based Westbrook Partners. The transaction includes a 50% ownership in a 1,600-stall parking garage that sits between the buildings.
DENVER-The leading provider of online credit and risk management services to the apartment industry gets the APEX award for 2001 Web Design of the Year from the Colorado Software and Internet Association.