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HOUSTON-Copley Pension Fund has unloaded its last holding, a 53,750-sf industrial building in the northwest submarket. It's all part of the Boston-based fund's liquidation, says the broker.
PHOENIX-Neighborhood and civic groups feel that they are being rushed to review changes to Phoenix's General Plan and are asking for more time to review the document that will determine how the city develops over the next decade.
NEW YORK CITY-There's room in the CMBS capital markets for conservatively underwritten loans secured by telecom centers, Fitch says, but notes the high bond default rate of these companies and underscores the risks involved with their untested business models.
NEW YORK CITY-The move was based on the sale of most of the REITs assets to it business partner. Moody's has also placed the firm on a developing rating outlook because its future capital structure operations aren't apparent.
DALLAS-The Boeing crew is gone, but Dallas-Ft. Worth leaders are confident their red-carpet treatment has won some points in the three-city competition for the corporate headquarters relocation from Seattle.
BOCA RATON, FL-The locally based owner of luxury resorts and entertainment-sports businesses reports a 19% drop in net income and a 17% drop in total revenue. Boca Raton is 42 miles north of Miami.
GARLAND, TX-Gilbert's Freight Outlet will shutter a Balch Springs location now that it's signed for a 16,289-sf spot in a Garland retail center. It's the off-price retailer's sole location outside its homeport of St. Joe, TX, where it also operates a collectors' museum.
EAST RUTHERFORD, NJ-A 10.4% vacancy rate isn't the best we've had, but in an economy that's slipping and sliding, maybe it's stability we should be looking for. But watch for more concessions as owners rush to close deals.
LOS ANGELES-A locally based medical management company has stitched up a $2-million deal with the Jade Corporate Center, to occupy 16,311 sf of office space at the Mission Hills complex.