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PHOENIX-A national homebuilder outbid three others, with a bid of nearly $53 million for a parcel in north Phoenix, the highest price ever paid for state trust land.
SAN FRANCISCO-AMB revealed for the Securities and Exchange Commission this week its expected income from acquisition fees, management fees and other arrangements related to recent deals with the city and county's retirement system and the government of Singapore.
PORTLAND-Although no tenants have been signed, the developers say interest is strong in the 120-acre mixed-use project said to be the only development opportunity in the country offering immediate access to two interstate highways, light rail and an international airport.
DURHAM, NC-Property Reserve Inc. of Salt Lake City pays Quattro Mid-Atlantic Resources II $39.43 per sf for the 294,228-sf, 100%-leased asset located on the edge of Triangle Park. Durham is 150 miles northeast of Downtown Charlotte.
ORLANDO-The publicly traded wholesaler of construction and industrial materials hires Tom Morgan, CEO of enfoTrust Networks to replace A. Steward Hall Jr. who is resigning to go into the internet insurance business with his son.
GLENDALE HEIGHTS, IL-Graybar Electric Co. signs a two-year lease for 27,000 sf at 800-850 Regency Drive here while Material Handling Services signs a five-year lease for 8,256 sf at 1700 W. Hawthorne Lane in West Chicago.
EASTERN JACKSON COUNTY, MO- Anthony Barber's plan was to develop 2,400 acres between Lee's Summit and Lake Lotawana with residential and commercial projects. He blames lack of support from county legislators for the plan's demise.
BEND, OR-Sunriver Resort LP asked for and received rules changes that prohibited development of the 376 acres immediately south of its 3,000-acre resort here. It has an option for half of the land and reportedly is seeking to option more of it.
ATLANTA-The locally based multifamily and single-family developer posts a $2 million increase in 2000 net income, primarily due to the stabilization in rental occupancies.