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LOS ANGELES-Locally based Haverford Capital has agreed to provide $6.5 million in mezzanine financing for the Cross Pointe office project in El Segundo.
ATLANTA-The locally based firm's decision reverses an earlier plan to stop the repurchases in October of last year due to the low market price of the stock. Shares are currently trading on the Nasdaq at $6.75. The 52-week high-low is $7.75 and $5.
BOSTON-One analyst anticipates about 200,000 sf of space returning to market, which will drive up vacancy rates. Nonetheless, the local market is in good shape and is expected to improve slowly after the summer.
CHARLOTTE- Property revenue rose 4.4% during the first quarter while property operating expenses increased 6%, leading to a 3.6% increase in property operating income over the same period in 2000.
MINNEAPOLIS-The financial services firm wants high-traffic locations near large retail developments. The sites need to be about 1.5 acres - large enough to accommodate 5,000-sf buildings.
PHOENIX-The last bell rang for East High School in east Phoenix more than two decades ago, and now the property will become a flex industrial campus, with four buildings totaling more than 366,000 sf.
DENVER-Boeing officials are making their rounds in the site selection for a new headquarters. They'll be back in Denver May 1-2 and Dallas, April 24-25. It's a red carpet treatment as cities compete for the final nod.
COSTA MESA, CA-Having built similar movie megaplexes around the state, BCS has developed scheduling systems and operational procedures to minimize the interruption of downtown businesses while construction is under way.
DALLAS-Fleming has scored another goal in a buildup to heighten its presence in the northeast. With a 10-year Kmart contract in hand, the Dallas-based supplier is buying two Supervalu warehouses in Connecticut and Maryland.