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CHULA VISTA, CA-The South Bay Enterprise Zone is being expanded to include 447 acres on the bay front here, a move that's expected to booster new development by providing businesses tax incentives worth millions annually.
DALLAS-Three Dallas-Ft. Worth multifamily and assisted living projects have been OK'd for an aggregate of about $61.1 million in construction financing. The projects will bring 552 multifamily units and 394 assisted living beds to North Texas.
MINNEAPOLIS- A semi-annual cash dividend of 47.5 cents per share payable May 15 to shareholders of record April 30. The company is shifting to providing software it but still owns a four-property portfolio of 129,000 sf.
PHOENIX-Arizona no longer has an edge on the rest of the country, as the jobless rate in the state rose 0.2 points during March to hit the 4.3% rate seen nationwide.
SAN DIEGO-Many tenants have postponed expansion plans in light of an unsettled stock market and concern over the energy crisis, prompting the lowest absorption rates seen in the county in 10 years, according to a new report.
NEW YORK CITY-Tokyo, which placed first last year, moves down to second place, followed by Hong Kong, San Francisco and Paris. New York moved up to 13th place from seventh.
SOUTHFIELD, MI-The REIT says first-quarter funds from operations increased 1.5% over last year, with total revenues increasing more than 30%. New leases at two shopping centers were credited for the results.
HOUSTON-Weingarten's president and CEO Drew Alexander says it's been the most exciting first quarter in the firm's 53 years. Acquisitions and a common equity offering highlight Weingarten's first-quarter activity.
NORTH AURORA, IL- The newest tenant at Itasca-based AMLI Commercial's Tollway Park of Commerce is St. Louis-based Earthgrains Co., which takes 23,243 sf, about one-quarter of the 92,527-sf, multi-tenant building.
CORTLANDT, NY-Westchester County and municipalities in the Route 202/35/6 and Bear Mountain Parkway region of the county have scheduled a series of workshops aimed at helping shape the area's future.