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SANTA CLARA, CA—Terrence J. Rose gained city approval to demolish the existing structures of an under-utilized office property and build a six-story 250,000-square-foot office building with a total estimated cost of $125 million.
SANTA BARBARA, CA--Questions now facing the multifamily market include "how low the rate of growth will go and how long growth will remain in the doldrums,” says Yardi Matrix.
HOUSTON—It is likely that the recovery is too little, too late for more than one-third of the oil-related loans of concern that are more than 90 days delinquent, in foreclosure or real estate owned, says Kroll Bond Rating.
DALLAS—The success of the Comerica Bank Tower has largely been based on the design in the past but now the neighborhood has caught up to the building with numerous conversions of obsolete product.
LOS ANGELES—Workplace strategy can drive productivity and change company culture, according to CBRE's Kevin Bender, who has been working with a broad range of companies to plan workplace strategy.
NEW YORK CITY—Brokerage firm Marcus & Millichap reports that Takis Tsagronis sold the properties at 30-58 34th St. and 30-64 34th St. to Urban American of New York City.