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MINNEAPOLIS- Morey Knutsen, senior vice president in the West Des Moines, IA office, is elected president while Raymond Reese of Colliers Towle Real Estate here is the new vice president.
PHOENIX-Chandler, one of Phoenix's suburbs, plans to soon clear a five-acre parcel in Downtown and wants developers to submit proposals for a major destination-use project for the site.
NEW YORK CITY-The money will be spent on occupied multifamily, vacant, rental and for-sale properties that are in need of major work, along with mixed-use facilities that include retail, office and residential space. Space that is exclusively commercial will not receive funds.
RENTON, WA-The entitlement process is complete, and only the issuance of a building permit stands between WR&C and the groundbreaking of its 750,000-sf mixed-use office campus in the 17.5-acre planned community on the southern shores of Lake Washington.
ST. PAUL, MN-Taxes are more than double those in neighboring states, according to a study, even though Minnesota lawmakers have cut commercial and industrial property tax rates three times since 1997.
SAN DIEGO-For the second time, city fathers have approved a 512-bed Westin Hotel that will be built by JMI Realty, a firm headed by Padres owner John Moores.
SACRAMENTO, CA-After receiving a study from Los Angeles-based Robert Charles Lesser & Co. showing Sacramento is primed for multifamily units, the he California Public Employees' Retirement System has plans to develop apartments near its headquarters expansion.
CHARLOTTE- Asset Management Technologies has contracted with Raleigh, NC-based Highwoods Properties, Inc. to improve the REIT's lease accounting methods. The abstracting service will include the electronic conversion of about 3,000 leases. The value of the contract was not disclosed in the company's news release.
NORTHBROOK, IL-Grubb & Ellis Co. picks up a central Indiana affiliate in Harding Dahm & Co. Indianapolis, Inc. The 34-year-old Indianapolis-based firm is now known as Grubb & Ellis | Harding Dahm & Co.
WASHINGTON, DC-The SSO, which provides the space to 90 state affiliates, extended its lease agreement on 223,460 sf of office space through 2014, stabilizing long-term occupancy costs for its tenants.