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WASHINGTON, DC-The Mortgage Bankers Association of America reports that mortgage loan applications were down 7.5% and that refinance activity also dipped several percentage points. These are among the results of its weekly mortgage applications survey.
PORTLAND-Pacific Coast Restaurants, owner of the Stanford's and Newport Bay brands, will operate the view-rich restaurant space formerly occupied by Atwaters. A name has yet to be chosen, but the menu has been determined: prime beef and seafood.
KANSAS CITY-A rebuilt parking garage is part of a larger, already approved, TIF plan. The new development would generate $14.3 million in new property, sales, earnings and utility taxes, according to Tower Properties.
ARMONK-Reports commissioned by two business trade organizations in Westchester County state that new housing construction does not produce higher taxes, and in some school districts, actually produces more revenue.
LAKEWOOD, WA-If a package of incentives can be put together, such as 30 acres of flood-prone land from the county and some tax breaks, Great Northwest Development Co. is interested in building an 80-acre amusement park complex here.
BEND, OR-Randall Pape is stepping down from the Central Oregon ski resort's lead role while his family-owned company, the Eugene, OR-based Pape Group, fights for control of the slopes with Utah-based Powdr Corp. and Mount Hood Meadows of Portland.
BERNARDS TWP., NJ-Credit Union will occupy most of one of the first buildings to go in the ground at the developer's Mountain View Corporate Center, which will top 820,000 sf at build-out.
NEW YORK CITY-Only 1% of respondents said they were refused requests to use the services of a provider that was not a building vendor. And 40% said they'd consider relocating if they weren't getting the telecommunications services they needed when their lease came up for renewal.
HOUSTON-The plan's been on the drawing boards for a decade. June will bring a ground breaking for a two-million sf biotechnology park that offers a sure shot of adrenalin for any economy.