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BELLEVUE, WA-With the help of money partner Columbia Housing, the King County Housing Authority acquired the Somerset Gardens apartment complex here and will keep the units affordable to workers too often priced out of the community in which they work.
WALNUT CRREK, CA-Redwood City, CA-based Electronic Arts renews its lease for 42,398 sf on the 6th floor of the California Plaza office building here and takes another 36,834 sf on the 7th floor in a eight-year deal worth $28 million.
MOCKSVILLE, NC-Activity continues to be brisk in this small but booming area (Pop. 4,000), 60 miles northeast of Downtown Charlotte and 20 miles south of Winston-Salem, NC. Growth, however, is beginning to outpace water and sewer capacity.
WHITE PLAINS-GHP Office Realty has closed 12 new lease deals at its office buildings here and relocated its corporate headquarters, leasing and management operations to One West Red Oak Lane.
DENVER-The Regional Transportation District Board will go up to $60 million and not a dime more to gain title to Union Station in LoDo. Appraisers are being hired to determine a station value so an intermodal hub project can proceed.
DENVER-Developer Bruce Berger is frustrated by a union-backed petition for a referendum vote on a $55-million subsidy for his convention center hotel project. He's holding onto hope in the midst of a controversy that pits constituents against council.
WASHINGTON, DC-The Federal Reserve's decision to cut interest rates by a half of a percentage point could help bolster the commercial real estate market, according to an analyst.
WHITE PLAINS-MetLife Inc. officials say that the company is close to finalizing deals that will involve relocating most of its New York City corporate headquarters workforce from One Madison Ave. to White Plains and Long Island City in Queens.
DALLAS-Come May 27, Costco Wholesale will cut ribbons on two more locations in the Dallas-Ft. Worth metroplex. The simultaneous openings will take place in Arlington and Southlake. Last fall, it had been Plano and Ft. Worth.