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ATLANTIC CITY-In a showdown between builders, municipalities and environmentalists, Acting Gov. DiFrancesco came down on the side of the development community. More zoning battles could erupt even with the new law in place.
BELLEVUE, WA-The two New York firms closed on two Eastside office buildings today for about $37 million. The acquisition is part of a $100 million, 11-property portfolio purchase from ASA Properties of Honolulu.
CHARLESTON, SC-A driving commercial real estate undertaking is the $1-billion Noisette Project which is revitalizing the old Navy base. Charleston is 206 miles south of Downtown Charlotte.
WASHINGTON, DC-Grubb & Ellis names eight mid-Atlantic commercial real estate professionals among the top 25 in their respective specialties during the past year. The brokers work in offices here, in Virginia and in Maryland.
WASHINGTON, DC-Fannie Mae has announced $130 million worth of early security redemptions later this month. The five securities carry interest rates ranging from 6% to 7.6%. They are slated for April 17 and 18.
CHICAGO-The Pizzuti Cos. will remain primarily an office and industrial real estate company even though they hired Thomas W. Henneberry as their new president and chief operating officer away from retail developer The Jacobs Group.
ORLANDO-The locally based builder of radio systems that connect office tower communications systems through high-speed wireless rings expects first-quarter revenue to fall in the $7.5 million to $8.5 million range.
LOS ANGELES-Pacific Gas & Electric seeks Chapter 11 protection, even after having 46% rate hike approved a week earlier. Move shocks state officials and leaves 13 million residential and commercial electricity users hoping for the best.
AUSTIN-Come April 15, Meritage Technologies will have a new home. The high-tech firm is consolidating two locations, but gaining more space in a move to Lost Creek Point. More space means more employees by year's end.