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PORTLAND-Finalists for the listing assignment -- Grubb & Ellis, Doug Bean & Associates and Cushman & Wakefield -- were to have given their final-round presentations this week, say sources close to the deal. A final decision is expected within two weeks.
SANTEE,CA-The city has agreed to impose limits on rent increases for mobile park residents. However, now the city wants those residents to pay fees into a fund that could be tapped if the ordinance comes under legal attack.
VERNON HILLS, IL-The Dallas-based REIT sold nearly 250,000 sf of industrial space in this northern Chicago suburb recently as part of its strategy to focus on its core markets. Prentiss still owns an office park in nearby Bannockburn.
CHICAGO-The insurance company takes 22,508 sf at the Class A office building owned and managed by Prentiss Properties while Qwest renews a lease on nearly 20,000 sf it occupies in the complex along the Kennedy Expressway.
PLYMOUTH-An old hotel site in this Detroit suburb will get a new mixed-use facility including retail, office and condominiums. Tri-Mount Construction hopes to navigate past a financing hitch that's stalled construction.
FARMINGTON HILLS, MI-The City Council will decide the fate of an 89-acre property at 14 Mile Road and Orchard Lake Roads, where developers hope to build shops, offices and restaurants.
WALNUT CREEK, CA-A lack of affordable spaces in San Francisco has prompted private insurer PMI Group to develop 195,000 sf office location in the East Bay. Its new Walnut Creek headquarters should be completed by the end of the year.
QUINCY, MA-Stop & Shop Supermarket Co. buys control of Bradlees store leases, guaranteeing the bankrupt retailer at least $150 million. The supermarket chain once owned Bradlees and could be held liable for some of the leases.
SAN JOSE-The Boston-based REIT paid $25 million for the 3.7-acre Cristina Hall site here and plans to erect three 16- to 17-story office towers totaling 840,000 sf that will be called Plaza@Almaden.
ORLANDO-David F. Scott Jr., the University of Central Florida's economics guru, tells GlobeSt.com that growing additions to metro Orlando's current 100,000-room inventory will keep occupancy rates below the record 81.3%.