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SANTA ANA, CA-New owner NewMark Merrill Companies, which specializes in the development and management of retail shopping centers, plans to rehab the property to attract upscale tenants.
INDEPENDENCE, MO-The city is chosen for number of factors, including good tax base and availability of a productive work force, as well-suited for business expansion or relocation.
CAMBRIDGE, MA-A wait and see attitude is being taken by potential tenants here as a sudden glut of sublease space hits the market here. Within the past six weeks, the availability rate has shot up to over 650,000 sf of space.
DESCHUTES COUNTY, OR-High Desert Development Partners of Los Altos, CA, is proposing 420 houses, 180 condominiums, a hotel and a conference center as well as two golf courses, tennis courts, swimming pools and equestrian facilities on 640 acres between Bend and Redmond.
DENVER-It's been 17 years since Denver's multifamily market has had this much activity. The latest 2000 accounting shows 9,844 permits have been pulled, up 84.3% from 1999. The push started prior to November's sound defeat of a growth control amendment.
HAYWARD, CA-Calpine and Bechtel Enterprises are scheduled to meet with Hayward city officials this week to begin discussing plans to build a $400-million power plant in the city's industrial area.
NORWALK, CT-The Riverview luxury rental apartment building in Norwalk has been sold for $9.6 million, according to Marcus & Millichap Investment Real Estate Services of New Haven, which brokered the deal.
EVERETT, WA-In late February, the REIT sold its 40,988-sf of the 88,884-sf Puget Park Shopping Center, packaged with another in Cameron Park, CA. The $19-million deal represents only a portion of scheduled sales to entities affiliated with Prudential Real Estate Investors.