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SAN DIEGO—Approval by the Department of Business Oversight is pending and the shareholder meetings of both banks are scheduled for February 23, 2015 to approve the transaction.
IRVINE, CA—In light of its recent acquisition of a 34,500-square-foot office building in Ontario, CA's prime business corridor, GlobeSt.com spoke <b>EXCLUSIVELY</b> with Stillwater president John Drachman about this market.
SAN JOSE, CA—While sources involved in the purchase tell GlobeSt.com that they cannot disclose any pricing information at this time, an unidentified source not involved in the deal says it was $111 million.
PALM SPRINGS, CA—From the Northeast to the West, panelists at NMHC's Apartment Strategies Outlook Conference here last week gave an overview of where the hot spots are and where rent growth is cooling for apartments.
PALM SPRINGS, CA—Panelists at NMHC's Apartment Strategies Outlook Conference here last week say the economy encouraged them to become 'bank alternatives' at a time when traditional lenders were pulling out.
WASHINGTON, DC—A partnership announced last year between soccer clubs D.C. United and Sunderland AFC of England could affect the new stadium project here in Buzzard Point.
RESTON, VA—The renovation project by owner the JBG Cos. at the Summit I and II complex here has paid significant dividends with the lease of a significant part of the property by federal contractor Noblis Inc.
BURLINGTON TOWNSHIP, NJ—The ownership of the Marketplace at Burlington, which will be launching a more than $230-million redevelopment project next year of the former Burlington Center Mall, is in talks with in excess of a dozen new tenants and a host of restaurants.
ATLANTIC CITY, NJ—On Friday Moody's Investors Service downgraded Atlantic City's general obligation debt to a Caa1 rating, which indicates that there is a “high risk of default” over the next five years.