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SAN DIEGO-Major investor in high-tech start-ups is opening an office in San Diego. Sevin Rosen Funds' expansion to San Diego is viewed as an indicator of region's growing reputation as an incubator for high-tech developments.
BOSTON-McGraw-Hill economist predicts a slowdown in the New England region's construction industry but, thanks to the enormous amount of activity in the local industry, local experts are not worried.
DENVER-SafeRent has sealed a prime deal for on-line applicant screening for the Simpson Property Group. The firm's portfolio consists of 115 multifamily communities totaling more than 30,000 units.
HASKELL, NJ-A local private group that plans to redevelop the site has acquired General Ceramics plant, which closed 18 months ago. It had been difficult to sell before the developer entered the picture.
SYRACUSE, NY-Avant Financial LLC, a newly formed bank holding company, has acquired a 72% ownership interest in Reliance Bank, a $26-million closely held commercial bank headquartered in White Plains.
PALO ALTO, CA-City planners here say Apple Computer Inc. is planning retail shops to hawk its myriad computer products; currently, its only company-run store is on the company's Cupertino campus.
BELLEVUE, WA-Key tenants include Centris, a provider of technology space to individual tenants; EMC Corp., a Fortune 100 data storage company; ADITI Co. and Unisys Corp. Only 15,000-sf of space remain available for lease at $27/sf net.
DALLAS-Three staffing additions have taken place at IA-Dallas and Hillwood. Project coordinator, database services manager and public relations vice president headline the changes for the prestigious companies.