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LOS ANGELES-Blum Capital Partners and an investor group that includes CB Richard Ellis CEO Ray Wirta, other company officials and Freeman Spogli & Co. have offered $15.50 per share for the outstanding common stock.
FT. WORTH-The 20-year-old firm is naming a new president and making plans to open offices outside Texas for the first time. Other plans call for developing client-driven strategic partnerships and beefing up the brokerage and management staff.
CAMBRIDGE, MA-Lyme Properties and equity partner insurer Scottish Widows are developing and will manage the Kendell Square project here. They have secured leases for the entire property, which had been a brownfields site.
LENEXA, KS-Henderson Engineers has added a marketing assistant, a mechanical engineer, a CAD technician, and a fourth person to work on mechanical designs for its retail clients.
SAN FRANCISCO-Seemingly approved Tuesday night, Proposition L, which extends and toughens office development restrictions, is now being defeated by 938 votes, with 10,000 left to count. A preliminary final result is expected by mid-week.
ANDOVER-Quantam Bridge Communications leased a 106,000 sf office building here at the River Road interchange, bolstering Route 495's growing reputation as a haven for high tech. The company is moving due to its rapid growth.
SOMERVILLE, MA-Cathartes is selling its telecommunications centers here despite its previous intentions. The city's approval for development demonstrated its interest in entering Boston's real estate market.
YORBA LINDA, CA- Home-design center pays $5.3 million for two buildings on the same property. Company has been a tenant in the smaller of the two buildings.<p>