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LOS ANGELES-Newhall Land & Farming says deal to sell 800,000-sf retail portfolio has fallen out of escrow, blames last week's bankruptcy filing by Edwards Theatres.
DALLAS-A data gatherer for the apartment sector issues a note of caution about today's euphoria as jobs and rental growths crest with the New Economy. The firm, which maintains a database of 2.5 million units, is predicting a falloff from the good times in 2003, based on second-quarter findings.
ORANGE COUNTY, CA-Last week's bankruptcy filing by locally based Edwards Theatres Circuit Inc. is blamed for the collapse of the sale of an 800,000-sf package of retail properties in Los Angeles.
HOUSTON-Pantellos Group, an e-commerce firm serving the energy and utility business, pre-leases 52,500 sf at Waterway Plaza One in The Woodlands. The structure is slated for a November completion.
ATLANTA-A Fulton County Superior Court ruling clears the site for the construction of two office towers on three acres of the 47-acre venture near the Lindbergh MARTA station, about seven miles north of Downtown Atlanta.
AUSTIN-Lend Lease secures a 608-unit, multi-family complex on behalf of a public pension fund client. The Preserve at Travis Creek is the second purchase in the city this year by the Atlanta-based real estate manager.