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HOUSTON-Houston builders are reporting a 31% increase in new home sales in September from accounts a year ago, according to a survey by CDS Market Research.
POMPANO BEACH, FL-Deals of under $3 million continue to fuel South Florida's commercial property investment market. A more taxpayer-friendly IRS is also helping spark activity even in a competitive climate where high space occupancy tends to discourage sellers from selling.
SOUTH SAN FRANCISCO- The Houston-based developer plans to unload properties in South San Francisco located at 701, 650 and 901 Gateway. The properties were developed in 1995. The sale is expected to bring in up to $130 million.
EUGENE, OR-Earlier this week, Centennial Bank filed a foreclosure lawsuit in Lane County Circuit Court against Business Properties Investments LP for failing to make payments on $3.49 million in loans used to develop a speculative 26,000-sf office building here.
ATLANTA-The 16,500-sf transaction at Downtown's Inforum building has an estimated value of $5 million. The lease brings the occupancy of the 987,000-sf structure to 98%. LayerOne's Nexus network will be relocating in first quarter 2001.