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COLORADO SPRINGS, CO-The Colorado Springs office of Grubb & Ellis has issued its year 2000 report and it had been a record-breaker, say the analysts. The only record not broken has been vacancy, which had come in at 5.7% as the page turned on the calendar.
KENT, WA-For $11 million, city officials have purchased a 15.4-acre former chemical plant north of downtown. Plans for the property call for a public-private partnership to develop a mixed-use project that would include office, retail and residential components.
PORTLAND-Oregon's traditional industries--timber, wood products and agriculture--have taken a back seat, as high-tech zooms to the forefront. Tech companies predict robust growth in the coming years, if the economy holds.
ALLENDALE, NJ-LMRES package arranged for Allendale Associates's 107,774-sf building is the second one put together by the broker with lender Aetna, and the same borrower, in the same business park in the past year.
ANTIOCH, CA-Bob Nunn, a Brentwood farmer and developer, surmounted his first hurdle when he won support from the Planning Commission for his Vineyards project this week. The proposed mixed-use project would be located in the southeast section of the city.
SAN JOSE-Avalon at Cahill Park will consist of seven, two and four-story buildings, including one building with approximately 7,000 sf of ground-floor retail space. The development will bring 218 additional apartment homes to the heart of the city.
LOS ANGELES-Hearings on the state's power crisis continued today, after a top Edison International official admitted that the parent company collected hundreds of millions in tax payments from its troubled Southland subsidiary and forwarded only a fraction of the cash to the state.
PHOENIX-A real estate investor is using the reimbursement he received when his building was demolished in the 1995 Oklahoma City bombing to purchase a Phoenix industrial building for $12.2 million.
PLANO, TX-Broadband Gateways has its 2001 strategy in full swing, as build out continues on a 29,000-sf expansion of its lease at Park Ventura Office Center. As the company gradually moves into the space, the park developer is excavating for a third building and full build out.
HOUSTON-A recommendation has come in that the Houston-based United Investors Realty Trust seeks a buyer in a move to up shareholder value. The REIT's CEO says the option will immediately be explored.