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PORTLAND-Every year <i>Money</i> magazine publishes its list of the 10 best places in the country to live. This year, Portland is at the top of the list. The city's attention to managing growth and preserving green space is what set it apart.
SPOKANE, WA-The big box discount retailer opened a brand new store here last week on company-owned property. The rub is that Costco is stuck paying the rent on its former 129,600-sf location, and it's willing to deal.
ORANGE COUNTY-A Newport Beach-based developer has acquired the 237,369-sf San Juan Capistrano Business Park for $22.7 million. The new owner may sell off some of the complex's 16 buildings.
SAN FRANCISCO-The on-line project management firm for builders and property owners has acquired Madison Real Estate Technologies and unveiled a new application for lending institutions.
NEW YORK CITY-The REITs existing buyback program of $10 million has been revised to acquire up to an additional $10 million. The decision was made despite the firm's awareness that the capital could have been otherwise deployed.
PLANO, TX-TestChip Technologies has moved into its new Dallas office space and is patiently awaiting finish out for expanded space in Austin. The high-tech company has more than doubled its Dallas office area with the move.
RIDGEFIELD, WA-The Seventh-day Adventist Church wanted to build a regional headquarters building on agricultural land it owns near here, but Clark County commissioners said it can't supercede zoning laws because the property won't be used primarily for worship.
MINNETONKA, MN-Tom Lund, a 17-year commercial real estate veteran who has been with Opus for four years, will head the new effort to find new apartment and condominium development opportunities.
KINGS MOUNTAIN, NC-It took a year to find a tenant to fill the South Carolina developer's first 100,000-sf structure but company officials are confident the new space in Kings Mountain Commerce Park will be leased quickly because of current demand. The site is 20 miles west of Downtown Charlotte.