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DALLAS-The Staubach Co., based in Dallas, is beefing up its national office count, adding Detroit, Columbus and Bethesda, MD, to its roster. The firm hires two major players and taps two in-house to head the teams.
LAFAYETTE, CA-After a transaction-heavy third quarter, Bedford Property Investors announced a per-share FFO of 61 cents a share, a 13% increase over the same 1999 period for the locally-based REIT that invests primarily in suburban office and industrial properties.
TUKWILA, WA-The San Francisco-based pension fund adviser is looking to sell two Puget Sound area office properties totaling more than 260,000 sf. The company is asking a total of $42.3 million for the properties, virtually double the amount it paid in the mid-1990s.
WASHINGTON, DC-Dotcoms account for only 7% of the leasing in institutional quality space in Internet-heavy Northern Virginia, according to a new study by Trammell Crow Co. "The data says that the market is not some house of cards built on shaky credit," one official said.
BELLEVUE, WA-The city of Bellevue, which is preparing to overhaul its 10-year comprehensive plan, is holding a community meeting this week to receive input from residents and business owners. Issues facing the city include lack of affordable housing, downtown development and traffic.
HOUSTON-Wagner Media is undertaking a two-building, office-flex complex on 2.6 acres in the Central Green business park, a development of the Midway Cos. Kirksey and Partners Architects designed the flex-use structures.
CORAL GABLES, FL-After completing the 14-story Verona Tower at Deering Bay Yacht & Country Club in the local Old Cutler area last May, Watermark Communities Inc. has begun the Siena multifamily building of similar size. The Bonita Springs, FL-based company also plans a $150 million expansion of the Jupiter Yacht Club in Palm Beach county.