ST. TAMMANY PARISH, LA-The 6.20% construction-to-permanent loan provided by New York-based Metropolitan Funding Corp. will be used to develop The Park at Covington, a 264-unit garden-style apartment project in St. Tammany Parish, LA.
PORTLAND-Instead of going with the flow to CB Richard Ellis, Insignia's top local executive Steven Klein, industrial broker George Slevin, office broker Jim Carver and development services provider Monty Hanes decide to assist Seattle-based Kidder Mathews in breaking into the Portland market.
SAN MATEO, CA-At the end of the second quarter, vacancy in San Mateo County stood at 23.29%, a 0.86 percent increase from the end of the first quarter, according to the latest report from Colliers International. During 2001, the average quarterly increase was 5%.
COTAI, MACAO-For this Special Administrative Region of the People's Republic of China, the owner and operator of The Venetian Casino Resort in Las Vegas is planning a $5- to $10-billion development that would include 20 mega resorts and 60,000 hotel rooms.
PORTLAND-CB Richard Ellis' top local executive Mark Fitkin tells GlobeSt.com the acquisition of Insignia bumps the company's property management portfolio from around two million sf to in excess of six million sf, making one of the largest property management operations in the city.
LAFAYETTE, CA-The Lafayette-based purveyor of tenancy-in-common transactions is expecting its exponential growth during the first half of 2003 to continue, with projected year-end results in excess of 250 completed transactions and real estate value approaching $500 million.
AUSTIN, TX-The space is located in a development called Braker Center, which is owned by UBS Realty Investors LLC. The annual lease rate on the 10-year deal is below $10 per sf, according to the Texas Building and Procurement Commission.
MAUI, HI -The acquisition includes three golf courses and 270 acres of fully zoned undeveloped land at the Wailea Resort on Maui, and two golf courses and an undeveloped hotel site at the Kauai Lagoons Resort.
LAFAYETTE, CA-The Lafayette-based purveyor of tenancy-in-common transactions is expecting its exponential growth during the first half of 2003 to continue, with projected year-end results in excess of 250 completed transactions and real estate value approaching $500 million.
PORTLAND-Steven Klein, who left his post as Insignia's top local executive, isn't talking about his new plans until later this week. They could involve George Slevin, whom Klein recruited from Macadam Forbes in June 2002 to be Insignia's first Portland-area industrial broker.