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ORANGE COUNTY, CA-More residential construction projects are being insured using wrap-up insurance programs today, a product that has been a mainstay of the commercial construction industry for years. Still, most insurers will not approve wrap-ups on multifamily unless tied in with another product like
HOUSTON-Weingarten Realty Investors of Houston has named a new vice president of property management. Lois Robinson will assume responsibility for the operation of the REIT's entire portfolio, which encompasses 14 states.
RICHARDSON, TX-Today, Taqua Systems Inc. opens doors on a 46,000-sf software engineering and customer service facility in Richardson's Telecom Corridor. The move into larger quarters also means a staff expansion.
PORTLAND, OR-The timber company reports a better than 20% drop in third quarter profits to $6.6 million or 22 cents a share, and says it expects fourth quarter results to fall within the range of 18-to-23 cents per share.
ROYAL OAK, MI-A $30-million site plan for the Chrysos Development project has been approved by the Planning Commission. Marketing for the project will start soon.
WAUKEGAN, IL-The City Council approves TIF financing ordinances targeted at revitalizing the dying Lakehurst shopping mall area. The TIFs are a shot in the arm for plans by developer Martin Tuohy to create his $800-million University Station, a higher-education-oriented mixed-use project.
SILVER SPRING, MD-The California State Teachers' Retirement has bought a 606-unit apartment building in Silver Spring from Equity Residential Properties for $37.5 million. It plans to invest $13 million ito upgrade the property.
HILLSBORO, OR-The building will open officially on Nov. 6 with 50 employees, expand to 70 people by the end of 2000 and add an additional 25 after the first of the year. The center is ultimately planned for 218 employees.
DALLAS-A 17,000-sf lease enables LayerOne to consolidate its staff under one roof. The company has selected the Univision Building at 2323 Bryan St. for its Dallas Nexus Exchange operation.