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NEW YORK CITY-Most of the upgrades resulted from increases in subordination levels resulting from paydowns. Downgrades affected the health care industry, retail factory outlets, credit tenant lease deals and limited service hotels.
ORANGE COUNTY, CA-Private investor buys flex-tech building in Irvine, while religious group buys office space in Anaheim and automotive manufacturer extends lease in Irvine.
AUSTIN-Intel's recent announcement that it's halting work on a 435,000-sf CBD office building has drawn some takers for the site. A potential buyers' list already has started, just in case Intel decides at yearend to sell instead of move forward.
NEW YORK CITY-With malls traditionally pinning their hopes on big-box anchors and those stores now in trouble with consumers holding on tighter to their wallets in the face of a slowdown, one expert says it's time for change.
KANSAS CITY-Timothy L. Fisher brings more than 20 years of experience to Glaze Commercial Real Estate Advisors Inc./CRESA, where he becomes as a senior adviser.
ORLANDO-The Federal Department of Housing and Urban Development could take over a 480-unit public housing complex if its final report gives the Sanford Housing Authority a failing grade. Sanford is 25 miles north of Downtown Orlando.
The administrative protest and district-court appeal of excessive property taxes have generally concluded for 2003. If there are thoughts of retaining…
HALF MOON BAY, CA-The area enjoys a tight hotel market and advance bookings are healthy, including one five-night stay by a company that will occupy 250 of the hotel's 261 rooms. Still, some industry insiders consider the resort a serious gamble.
SAN FRANCISCO-Veteran commercial real estate lending executive Donald Adams has been appointed to lead the San Francisco office of the Cleveland-based commercial real estate lender subsidiary.
PORTLAND-Nationally, retail sales were relatively flat last year, but leasing and sales activity remains strong in Portland, according to principals at local retail brokerages. Then again, today's deal closings began in a climate much warmer than today.