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MIAMI-The Maryland-based development company has persuaded the Miami-Dade County Commission to amend its comprehensive land-use plan to allow commercial use of 158 acres originally designated for low-density residential use.
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.
MIAMI-Teachers Insurance & Annuity Association is investing an estimated $25 million in developing a nine-story corporate headquarters building for the locally based fast-food company.
ROLLING MEADOWS, IL-The Oak Brook, IL-based REIT buys the 252,000-sf 1600 Golf Road here at an initial 11% capitalization rate. It is Great Lakes' fourth acquisition in the Schaumburg submarket, and the second since last summer.
AUSTIN-Salion is in the expansion mode, an undertaking being triggered by a $7-million, first-round funding from Austin Ventures. A company insider says a search will begin soon for larger offices to accommodate the strategy.
MINNEAPOLIS-Realco Inc. wants to expand its financial services business. Its other main business segments are real estate brokerage services, commercial construction, residential construction and land development.
PFLUGERVILLE, TX-An Austin bedroom community will be getting its first major retail development. Las Vegas-based American City Neighborhood Development has just bought 38 acres for its 377,000-sf proposal
SAN DIEGO-A partnership has sold a three-story, 41,902-sf office building in Mission Valley, located at 2515 Camino del Rio South, for nearly $4 million in cash.
DALLAS-Texas has all the right genes for weathering a nationwide recession, say regional executives. Job growth is slowing somewhat statewide, but it's still far ahead of the rest of the Union. The state's diversification is the key to continued growth.