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SAN JOSE-The City is being hit with lawsuits this week alleging that Cisco Systems' planned 688-acre Coyote Valley Research Park will be environmentally harmful and should not have been approved.
FORT LAUDERDALE, FL-Woolbright Universal Plaza Ltd. paid $1 million to One Glenwood Associates for the supermarket's 53,820 sf location in Universal Plaza, a 235,000-sf strip center in Lauderhill, FL being demolished for the Target venture. Lauderhill is 35 miles north of Downtown Miami.
PARSIPPANY, NJ-New unit will acquire and dispose of hotel properties and perform other real estate services for franchisees affiliated with the hospitality giant.
BOSTON-OfficeTempo, a locally-based company, is offering web-based procurement services to small and medium-sized companies. The service, which is currently only available in this area, provides costs savings by aggregating demand.
GRESHAM, OR-The nine-store company filed for bankruptcy in August and then closed outlets in Hillsboro and Albany. It planned to keep other locations open indefinitely, including the Gresham location, but last month said all its stores would have to close.
HOUSTON-An older property is getting a $4-million renovation to bring it in line for on-line tenants. When done, Briar Forest Crossing will be fair competition for class A and B properties in west Houston.
PORTLAND-The city's goals is to increase density in the rapidly gentrifying warehouse district without endangering existing views of the old clock tower atop historic Union Station. The council gets a first look at the proposal on Dec. 13.