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SAN DIEGO-The CMBS market rose above its traditional role as a hedge against a soft economy, becoming a major global force that reached $12 billion in foreign markets, according to a new Ernst & Young Report.
ORANGE COUNTY, CA-Record revenue from theme parks offsets poor showing from Internet unit. Chairman Eisner also shares some blunt thoughts about Anaheim.
AUSTIN-Transwestern and Colliers Oxford have sealed a deal that takes all three finished buildings in the Amber Oaks Corporate Center to full occupancy. Proxim will office in 15,629 sf in the park, where five more buildings are coming out of the ground.
NEW YORK CITY-The site should free brokers from showing preliminary transactions to lenders to determine interest and then coming back to them for commitments. It also allows lenders to review underwriting documentation and place bids online.
HOUSTON-The Park Row area is in line for a 53,000-sf church campus. The Korean Central Presbyterian Church has set the development in motion with a 7.9-acre purchase from the Wolff Cos.
DALLAS-GMAC Commercial Mortgage is on a roll, closing on back-to-back buys in Memphis and Phoenix. The buyout of Phoenix-based Keystone Mortgage Partners, which has its only servicing center in Dallas, is a bid for a stronger presence in the southwest.
DANVERS, MA-Developers buy the former Osram Sylvania manufacturing facility here for $5.6 million, joining the Cummings Center and the Tower of Northwoods, demonstrating that the North Shore is becoming a business address.
ST. PAUL, MN-The Port will follow one "busy year" with another. The River Bend and Great Northern business centers are already on tap for this year but the Port is also considering the proposed Phalen Westminster.
LOS ANGELES-While vacancies in some other Westside buildings rise, a development in Culver City lands three new tenants and now is almost fully leased.