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MUNDELEIN, IL-American Marketing Services & Consultants moves into a 38,000-sf build-to-suit office and warehouse building in this far north suburb. Itasca, IL-based FCL Builders, Inc. completes the project in five months.
PORTLAND-The trio includes a former director of the Oregon Department of Transportation, a former chief information office and telecom advisor to the Governor and the current director of emerging markets for the Wisconsin Housing and Economic Authority.
LOS ANGELES-CT Realty has acquired a three-acre El Segundo site, along with a 39,000-sf industrial facility located there, for $4 million. The Newport Beach developer plans to build an office building on the property.
PASADENA, CA-Residents in this community to the north of Downtown LA handily pass a measure in support of the controversial extension of the 710 Freeway. Approval of the plan could sway state and federal transportation officials.
FORT MEADE, MD-In partnership with the military, the developers will build, own, maintain and manage up to 3,200 homes over the next 50 years for military families under an Army housing privatization program, as well as the community's infrastructure.
FT. COLLINS, CO-David Neenan will remain as chairman, but is quietly bowing out of the day-to-day grind at his Ft. Collins-based construction company. He has sold his majority interest to the employees, holding onto a 10% interest.
ANDOVER, MA-Applied Micro Circuits Corp. relocates its Digital Products Group here to an office over three times the size of the company's original site. The company says it is already looking for an even larger location as it anticipates additional growth.
WASHINGTON, DC-Fannie Mae officials plan to redeem a $10 million security on March 16 with an interest rate of 8.25%. The security had been slated for maturity in 2015.
STAMFORD, CT-Collins Enterprises report that it has received a $12.8 million first mortgage for its 2777 Summer St. property from Morgan Stanley Dean Witter Mortgage Inc. The proceeds repaid the acquisition loan.