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LOS ANGELES-A developer plans 900,000-sf mall in Pomona and an Eagle Rock center is sold for $8.3 million. New report by Grubb & Ellis credits SoCal's strength to relatively high consumer spending and other factors.
ATLANTA-Less than a year after opening its second online grocery market, Webvan Group Inc. of Foster City, CA closed its doors Thursday, laying off 485 employees and walking away from leased space valued at more than $3.1 million a year.
SAN FRANCISCO-The Los Angeles-based urban renaissance investor is looking at one project in San Francisco and four or five in Oakland, says Avi Shemesh, the company's principal and co-founder. The firm plans to open a Northern California office soon.
IRVINE, CA-Practitioners from the brokerage and technology communities say the well has dried up on venture capital for technology companies, but the current real estate cycle should be shorter than usual.
IRVINE, CA-Practitioners from the brokerage and technology communities say the well has dried up on venture capital for technology companies, but the current real estate cycle should be shorter than usual.
VALLEJO, CA-The U. S. arm of a major Japanese manufacturer leased 100,000 sf at Mare Island, the former Navy base here, for the assembly of light-rail cars for the Santa Clara Valley Transportation Authority.
NORTHBROOK, IL-Single-story office buildings in Rockford, IL and Jacksonville, IL, net-leased to Blue Cross Blue Shield of Illinois, are sold by CRICHC Trust to Creative Investments LLC at an average of $116 per sf.
More than 60% of all lettings involved either pre-lettings or lettings during construction, against just 17% in the final quarter of 2000 according to new research from CB Hillier Parker.
OLATHE, KS-The city council here will look at a consultant's study next month. Myriad Development Co. of Topeka, KS says a public-private partnership will not be necessary for the project to proceed.