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COLORADO SPRINGS, CO-Forest City Equities has secured $25 million in funding for a 300-unit multifamily development. The Vineyards is a 22-building complex that will be built on 21 acres. New York City-based Metropolitan Funding has closed the deal.
CHICAGO-Vacancy rates hover around 12.6%. But buyers of suburban office buildings here may be busy in 2001 even while tenants will be more cautious this year, says real estate firm Cushman & Wakefield.
DENVER-CMD Realty Investors is tackling a $1-million upgrade of the 185,737-sf former AT&T Building in the CBD. The former owner had planned to take the profit from the sale of Hudson Bay Centre and invest in a suburban property until this one came on the market.
KANSAS CITY-Bloomsday Books, which specializes in used and rare books, leaves for the Crestwood Shops, one mile north. Bloomsday Books owners, Tom and Nancy Shawver, are partners in the Crestwood Shops.
ORLANDO-The area's current low unemployment level and positive job growth outlook will override the effect of any mid-sized company reductions, CB Richard Ellis Inc. senior vice president Robert W. Miller tells GlobeSt.com.
FLORHAM PARK, NJ-In a market with single-digit vacancy rates, the sizable tech/flex/office property in the Route 24 corridor provides a rare opportunity for a large single user or multiple tenants.
ORLANDO-The area's current low unemployment level and positive job growth outlook will override the effect of any mid-sized company reductions, CB Richard Ellis Inc. senior vice president Robert W. Miller tells GlobeSt.com.
SUNNYVALE, CA-The maker of optical communications systems leases a 24,000-sf building here adjacent its existing 20,000-sf building to accommodate growth. Executive offices, customer support, training, and sales and marketing relocated to the new headquarters Friday.
PASADENA, CA-Residents of this community to the north of Downtown LA head for the ballot box today to decide whether their city should support a $1.4-billion extension of the 710 Freeway. Project was approved 35 years ago but has been delayed by lobbying and legal action.
WEST DUNDEE, IL-Former McShane Corp. president Michael W. Luecht forms ML Capital Ventures LLC in this northwest suburb of Chicago. Luecht's new company will focus on investment and development in Illinois and Texas.