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SAN FRANCISCO-Faced with proposals for 2.9-million-sf of office space and rules that restrict it to approving about one-third of that, the commission is considering taking up to 300,000-sf of space back from dead projects that were approved but never built.
PORTLAND-A source at Peracon Inc., the New York City-based online commercial real estate platform listing the 173,392-sf property for $14.27 million, says certain letters of intent are being negotiated, but that new offers are still being accepted, just in case.
IRVINE, CA-Officials at MBK Real Estate believe they can realistically find and redevelop 1.5 million sf of retail space next year. The firm specializes in reconfiguring retail centers and changing the tenant mix to make them successful.
PORTLAND-New York City-based Aegis Realty Inc. is acquiring 19 community shopping centers from Dallas, Texas-based P.O.B. Montgomery & Co. and its investment partners, as well as P.O.B's ongoing development business.
CONCORD, CA-The 15,000-sf building will include four multipurpose classrooms, two consultation areas, an exercise room, a lobby and lounge area and various office space and storage areas.
STAMFORD, CT-Xerox Corp., as part of its ongoing restructuring program, reported it had completed the sale of its China operations to Fuji Xerox Co. Ltd. for $550 million in cash.
NEW YORK CITY-Insiders see repositioning to better serve markets, but no major re-invention of its market focus and absolutely no plans to close doors entirely.
EAST DUBLIN, CA-Alameda County wants to sell the surplus 30-acres and Commerce One would like to build a new headquarters there, but the City of Dublin wants higher density than the project proposes.
AVONDALE, AZ -Avondale has offered up a site where it would be less expensive to build a 73,000-seat stadium, offering competition to other sites with better locations.