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OAKLAND-The privately held company also has formed a strategic alliance with Chicago-based Cohen Financial aimed at producing more than $5 billion in commercial loans over the next five and one-half years.
LONDON-The long awaited CrossRail project moved a step closer with the Government's decision to fund design work. Transport Minister Lord Macdonald also announced that the proposed Chelsea-Hackney line was to be revived.
PHOENIX-Opus West's 230,000-sf Camelback Esplanade V, has hit the halfway mark in pre-leasing. One tenant wants more space while others just want into the under-construction office building in the prized Camelback Corridor.
SPOKANE, WA-The furniture company that once operated two stores in the Spokane area before filing for bankruptcy protection in 1991 has new owners and plans for three stores in the region within the next 12 months.
LOS ANGELES-The law firm of McCutchen, Doyle signs a $25-million lease that expands its presence at KPMG Tower by 50%. A busy week has brokers hoping that the CBD is on its way back.
MIAMI-Miami-Dade Empowerment Trust Inc. expects the newly formed EZ Funding Association Inc. to offer a more efficient way to finance local development of neglected properties in communities throughout the area.
BLOOMFIELD VILLAGE, MI-Harrison Associates, a corporate training firm for business professionalism and protocol, opens a second office here. The firm is taking 20,000 sf. The company is headquartered in Midland, MI.
DENVER and ARLINGTON, VA-Archstone Communities and Charles E. Smith Residential Realty form the second-largest apartment REIT in the US and fourth-largest overall pending shareholder approvals. Both focus on high-barriers-to-entry markets.
PALM BEACH GARDENS-Mark Hodges, executive director of the Florida Correctional Privatization Commission, tells GlobeSt.com a company identified only as Liberty wants the winning bid investigated.
ORLANDO-Charlotte-based First Union Bank will formally announce next week it will be the anchor tenant, taking at least 100,000 sf in the planned 12-story, 245,000-sf, $50 million building, area brokers familiar with the deal tell GlobeSt.com.