SACRAMENTO, CA-With vulture investors waiting in the wings, the commercial loan delinquency ratio in California remained below one half of one percent at the end of 2003, according to a quarterly survey released this month by the California Mortgage Bankers Association.
PORTLAND-Activities related to the value-added segment of the metro region's distribution and logistics industry generated more than 17,000 jobs and $2.8 billion of business revenue last year, according to a new economic analysis commissioned by the Port of Portland, in part to estimate the industry's need for industrial land in the future.
CUPERTINO, CA-After mysteriously resigning as Mission West properties' independent auditor and being called out onto the carpet by the company in an SEC filing, PricewaterhouseCoopers says the REIT's financial statements "should not be relied upon;" Mission West takes exception.
AUSTIN, TX-Continuing its mall monopoly here, Simon Property Group next quarter will officially begin taking control of the undeveloped portion of IBM's former 256-acre Domain campus. When it builds out the property, Simon will control more than six million sf of retail space in the greater Austin market.
FRESNO, CA-The Big Sandy Band of Western Mono Indians inks a preliminary agreement for the casino-hotel's development and operation with Caesars Entertainment Inc., which recently blamed its fourth quarter losses on "increased competition from Native American casinos.
PORTLAND-The publicly traded provider of career training programs such as medical and dental assisting signs a 15-year lease for 30,000 sf of the 54,525-sf Lloyd Plaza building, which is now 100% leased.
LAS VEGAS-Locally based Majestic Resorts Inc. will break ground late this year on a 378-suite hotel and condominium development to be managed and operated by Hilton's Brussels-based luxury brand Conrad Hotels.
SEATTLE-Senior directors Mike Dash and Garth Olsen are promoted to co-managers of the firm's Puget Sound area operations and charged with expanding the company's local operations.
HYDERABAD, INDIA-The second largest bank in the US is setting up a wholly owned subsidiary here that will employ some 1,000 employees to handle some of its back-office operations.
WILSONVILLE, OR-The lease brings the Wilsonville Distribution Center to about 63% leased. The 250,000-sf distribution building was delivered in May 2003.