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SAN DIEGO-Burnham Pacific Properties Inc. will declare and make a partial liquidating distribution of 10 cents per share following the expected closing of a 19-property portfolio.
HOUSTON-There's new twist on an old game to use the sealed bid process for property dispositions. Cushman & Wakefield of Texas' Houston office has added the process to its client services' lineup, dedicating 10 employees.
JERSEY CITY-Investment giant said to have serious conversations with city officials about a companion building to its 1.2 million-sf giant, currently under construction. The targeted site is currently zoned for 600,000 sf.
WINTON, NC-The Palm Beach Garden, FL-based developer/manager of security facilities has a potential $327 million contract from the Department of Justice for three years and seven one-year renewal options. Winton is 180 miles northeast of Downtown Charlotte.
SAN FRANCISCO-Downtown class A rents are down 3.77% to $69.19 per sf and class B rents are down 5.66% to $55.41 per sf. Vacancy is 17% higher and rents are nearly 30% lower in the dot-com heavy area south of Market Street.
STAMFORD, CT-A C&W of Connecticut report on the 50 largest lease transactions in the region in the year 2000 shows signs of a market maturation process, larger lease deals as well as the attraction of a diverse corporate base.
NEW YORK CITY-In an overwhelming show of unity, industry professionals have circled the wagons around their service offerings, protesting the possibility that banks could invade their territory. The poll launches GlobeSt.com's bi-weekly industry survey.
REDWOOD CITY, CA-The company's clients include Post Properties, Canadian Apartment Properties REIT and A.G. Spanos Company. Rentals Inc.'s competitors include SpringStreet and Apartments.com on the marketing side and, to some extent, Yardi and AMSI on the administrative side.
LOS ANGELES-A Tarzana-based commercial real estate company has recently acquired a 49,000-sf building in Downtown and leased it to the Mexico-based retailer FAMSA.
Rather than fearing financial institutions' proposed entry into the real estate brokerage business, professionals nationwide question the wisdom of the move, as well as a bank's ability and willingness to service the client.