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LOS ANGELES-California Gov. Gray Davis has outlined a broad plan to end the state's energy woes. His plan would give the state authority to buy or build power plants and even seize privately owned facilities if the shortage gets much worse.
JERSEY CITY-The discount broker bumps its space commitment to 575,000 sf, taking all of Mack-Cali's under-construction Harborside 10 property. Its new lease is for 15 years. This will be its regional headquarters.
WHITE PLAINS-Newmark & Co. Real Estate has been named exclusive leasing and managing agent for 81 Main St. by Massachusetts Mutual Life Insurance Co.
CHARLOTTE-For the past 10 years, Gateway Center's office workers have relied on a shuttle bus to get from the center to the center city. Now the bank and co-developer Cousins Properties of Atlanta are incorporating the projects in a pedestrian-friendly, 25-acre community.
MINNEAPOLIS-The Chicago-based partnership, which recently sold an option to buy an undeveloped subdivision in Rosemount, MN, sells the Kilbourn Depot Downtown as well as four acres next to the Wisconsin State Fairgrounds.
CHICAGO-A downtown commercial mortgage lender arranges debt and equity financing for the purchase of the Lenoir Marketplace shopping center in Lenoir, NC. The one-year-old center is fully occupied.
BETHESDA, MD-Crestline Hotels & Resorts is now managing two of Equity Inns Inc.'s 20 hotels, according to information released by company officials.
DENVER-City council has decided to kick in $53.3 million to a hotel developer to advance a 1,100-room Hyatt as a complement to the expanded Colorado Convention Center. The approval has come after a long night of dissension.
DALLAS-An Italian furniture wholesaler is setting up a distribution site in the 270,000-sf Mercantile-Quaker Business Park. The new metroplex business will move into space vacated by a firm that has closed its Dallas operation in a pact that keeps the park at 100% occupancy.
BELLEVUE, WA-Real estate sources tell GlobeSt that Tochterman Management Group is on the verge of purchasing an 88,000-sf, two-building office complex here from industry giant RREEF Funds, a San Francisco-based REIT.