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ALAMEDA, CA-Simpata Inc., a provider of online human resources and benefits administration, recently moved its operations to Folsom in order to consolidate the company's Sacramento-based operations and lower operating costs while remaining in an area where skilled labor is readily available.
DALLAS-Meditrust is forging ahead on its retreat from the health-care industry, selling 78 more long-term facilities and an office building in a $441-million deal. The REIT's now poised for a debt refinancing by July.
SEATTLE-Washington Mutual, now the second largest loan services company in the country, took over the 17th floor of the Wells Fargo Center on April 1, 2001. The Seattle-based thrift leased the space from Equity Office Properties.
SAN ANTONIO-A Dallas owner has refinanced a $3.8-million loan for the 210-unit Park at Presa in San Antonio. The financing is being used to upgrade the 15-year-old complex and retire existing debt. Metropolitan Financing Corp. has handled the transaction.
OVERLAND PARK, KS-The support center at Antioch Road and 137th Street here will more than double Southfield, MI-based company's local workforce in the automotive loan servicing group to 450.
CHICAGO-Warnings to tenants and back-up service plans are the key to making up for the service shortfall. Stick to the name carriers, is the advice building owners offer.
HOUSTON-Land is a hot ticket in the northwest corridor these days, with three sales coming down the pike. The largest tract, 13.1 acres, is destined for a townhome development. Another parcel is for a private school and the other, industrial use.
TUCSON-While sales of new and existing homes were down during February, the value of the average home here rose more than $10,000 in the past year, and building permit numbers are on the rise too.
DENVER-Wellbridge, owners of Colorado Athletic Club, will make way for an Interstate 25 expansion project. The club will build a new facility three blocks away. Plans call for a $7-million, 40,000-sf development.
BARTOW, FL-One of Florida's wealthiest property-owning families is ending its second publicly disclosed fight over money in the last three years after three days of trial testimony. Bartow is 60 miles south of Downtown Orlando.