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BOSTON-City mayor Thomas M. Menino develops a program aimed at keeping local industrial manufacturers in the city. The program will provide these businesses with help in modernizing and expanding their facilities.
LOS ANGELES-Exiting dot-coms on LA's Westside are subletting space, creating competition for building owners. This may cause rents in that pricey market to stabilize.
PORTLAND-The Oregon office of CRESA Partners national corporate real estate advisory firm recently completed its move from Lake Oswego and hired as director Jon B. Lebre, most recently research services director for Cushman & Wakefield's Portland office.
CHICAGO- Trammell Crow Co. vice president Thomas G. Barbera completes seven industrial leases totaling 465,112 sf here and in west suburban Bensenville and Itasca. Four of them were in the Bensenville Industrial Park.
LOS ANGELES-Development giant JMB Realty Corp. says it has signed aircraft-leasing giant International Lease Finance Corp. to 127,520 sf of space at Constellation Place. Groundbreaking ceremonies for the project were held this morning.
OAKLAND, CA-Mayor Jerry Brown has appointed four new members to the city's planning commission and reappointed one member. The new members were sworn in this last week.
DALLAS-Silverleaf Resorts is restructuring to keep the 12-year-old operation afloat for its 116,000 members. Serious problems, but not insurmountable ones, contends a Silverleaf executive.
NEWPORT BEACH, CA-The investment firm known for its short-term holdings of commercial real estate is expecting to balance its portfolio by developing and building storage properties with 30-year leases.
DETROIT-The Atlanta-based company has been looking at a site in Riverbend Plaza shopping center to build a new store. It would be part of a 23-acre project that also would include 120 townhouse condominiums.