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SANTA MONICA, CA-A private partnership acquires 30-unit development in the seaside community of Santa Monica. The multifamily market remains tight, with little new construction and tenants still willing to pay extra to live near the ocean.
CRYSTAL LAKE,IL-In addition to a federal suit involving plans in Hoffman Estates, homeowners near a site in this far northwest suburb object to plans for a 24-hour, 195,714-sf store, and the zoning board recommends denial.
LONDON-The UK's booming market for houses and apartments is starting its slide into oblivion, according to mortgage bank Alliance & Leicester. Housebuyers are becoming increasingly nervous about taking on new commitments.
PHOENIX-Westland Title rolls out the first of several offices planned for the Valley. The firm, which has corporate offices at Squaw Peak Corporate Center, signs for a 2,600-sf spot at Lake Biltmore Corporate Center in the city's north submarket
ANAHEIM, CA-Standard & Poor's says sudden drop in travel to this tourism Mecca could jeopardize the city's ability to pay municipal bondholders. Move is latest sign that impact of last month's terrorist attacks is rippling across nation's economy.
HOUSTON-Parkway Properties has picked up its 11th office building in Houston. The fully leased, 72,050-sf structure is positioned in the Greenspoint submarket. A Panattoni Development affiliate is the seller.
SALEM, OR-The names of the companies and the extent of their plans are being held close to the vest at this time, but one would manufacture sports equipment in the Portland area and the other wants to produce printer components in Salem. Both would be built next year.
HOUSTON-Stewart Mortgage brings a 16-year veteran of the lending industry aboard to steer its e-title division. Kerry A. Stith hails from the ranks of PNC Bank's consumer lending departments. He assumes the role as division president and senior VP at Stewart.
ANN ARBOR, MI-University of Michigan students will benefit from both complexes, which will have residential space at one and research facilities at the other. Students will work with residents, studying the effects of aging.
DALLAS-The sting of losing a 21-year-old lead tenant this summer goes away as KPMG signs a 12-year, $35-million pact for 200,000 sf at Maxus Energy Tower, situated at 717 N. Harwood. The Dallas CBD deal sets the stage for a new era and new name.