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Commercial-loan delinquency ratio dips to 0.02% in Q1 The ratio of delinquent commercial loans statewide dipped to 0.02 percent in the first quarter, the lowest level since June 30, 2002, according to the California Mortgage Bankers Association. Stewart Information Services restates earnings A missed charge caused Stewart Information Services Corp. to restate its first-quarter earnings Friday. (STC) Crye-Leike opening Millington-Tipton office Crye-Leike Realtors is opening a Millington-Tipton branch office at 13690 Hwy. 151 in Atoka, Tenn. Ivy league EMBA program comes to Houston Cornell University and Canada's Queen's University will offer an executive master of business administration degree in Houston beginning in July. Illinois home sales down 27% in Q1 Illinois' total home sales fell 27 percent during the first quarter of 2008 as sales were constrained by the ongoing credit crunch and a softening economy, the Illinois Association of Realtors reported Friday. Democratic leaders blast John McCain's ties to Arizona land deals, developers U.S. Sen. John McCain, R-Ariz. (the presumptive Republican presidential nominee), is facing questions about his ties to Arizona real estate developers and home builders. HBA elects chairman for new commercial builders group The Home Builders Association of Metro Orlando kicked off its latest committee for commercial builders by naming its inaugural chairman, the organization announced Wednesday. New N.C. program to share real estate listings on Internet The four largest realtors networks in the state are joining forces to share their public data across the state, they said in a statement Friday. Report: Rollins economic impact is $205M Rollins College contributed nearly $205 million to the Florida economy in 2006 and supported more than 3,300 jobs, according to a recently released economic impact analysis. Old downtown shoe store gets makeover Renovations are underway for the former Howard Shoes building in downtown Buffalo as a prelude to landing a new tenant for the facility. Team Financial says its area banks are 'troubled' Team Financial Inc.'s banks in the Kansas City area and elsewhere are "troubled," the Paola-based bank owner disclosed in a federal government filing. Premier unit signs supply contracts Premier Purchasing Partners has inked supply contracts with four medical-equipment companies. (SYK) (IFLO) DiCicco Development plans hotels along Pittsburgh's Parkway West A Moon Township-based development company has secured two franchise deals for hotels that will be built along the Parkway West. CNL to handle leasing of Summit at Southpoint CNL Commercial Real Estate is now the broker agency in charge of leasing and property management at the Summit at Southpoint. O'Brien to head up Big Sister board of directors The Big Sister Association of Greater Boston announced Friday that Timothy J. O'Brien will be the new president of the association's board of directors. Berkeley enters Providence market with building purchases Berkeley Investments Inc. has purchased two office buildings in downtown Providence, R.I., from Blue Cross Blue Shield of Rhode Island, which will continue to occupy space until its new headquarters in Providence is completed. Financial information about the purchases was not released. Atlanta execs and athletes buy Southwest Putting Green Technologies A group of Atlanta businessmen that includes Atlanta Braves pitcher John Smoltz has bought Southwest Putting Green Technologies Inc. of Scottsdale, Ariz., a company that makes synthetic putting greens. St. Joseph building gets new owners A joint venture between Mission Equities GP LLC and Alex Brown Realty Inc. has purchased the St. Joseph Professional Building, located next to the St. Joseph's Medical Center in downtown Houston. Biggest Pottery Barn will be in Atlanta Popular home furnishings retailer Pottery Barn is set to open its largest store at Lenox Square in Buckhead. Wells REIT II buys AT&T Buckhead campus Wells Real Estate Investment Trust II has bought a five-building, 1-million-square-foot office campus in Buckhead through a sale-leaseback from AT&T. Craig Henig named senior managing director of CB Richard Ellis CB Richard Ellis has promoted Craig Henig to senior managing director, effective Thursday. Henig assumes the role of local market leader in Phoenix. DCT Industrial signs Memphis leases DCT Industrial Trust Inc.'s local portfolio has experienced some recent leasing activity. UDR breaks ground on 99-acre development in Addison Real estate investment trust UDR Inc. broke ground Thursday on Vitruvian Park, a billion-dollar multifamily, retail and commercial development in Addison. (UDR) Thomas Properties secures leases for 100,000 sf Thomas Properties Group has inked a number of significant lease deals in recent weeks totaling more than 100,000 square feet in its downtown buildings. Net income drops 61% at Protective Life Protective Life Corp.'s 2008 first-quarter net income was 61 percent lower than in the first quarter of 2007, in part because its operating income sank 38 percent. JEDC approves $884K incentive for Deutsche Bank The Jacksonville Economic Development Commission has approved the city portion of three incentives for Deutsche Bank that would total nearly $4.8 million statewide. United Properties to develop Inver Grove Heights business park United Properties announced Thursday it won preliminary approval from the city of Inver Grove Heights to develop the Inverwood Business Park. Brickstone Square in Andover lands new tenants Eight leases, including new tenants, renewals and expansions by some tenants, have been signed for a total of 94,802 square feet at Brickstone Square, an Andover, Mass., business park near I-495 and I-93. Howard University ready to start town center project Howard University, fresh off of hiring a new president, began seeking developers Thursday for Howard Town Center, a 2.2-acre mixed use project long delayed by litigation. Soft economy gives REITs 'competitive advantage,' COPT's Griffin says While not insulated from the economic woes facing businesses across the nation, Columbia-based Corporate Office Properties Trust CEO Randall M. Griffin said he believes the company continues to hold an edge over private development firms as the credit crunch continues to play itself out. (OFC) Vintage Communities' Lake Parkway project detailed Vintage Communities Inc. is planning a mixed-use project in Gwinnett County that will include a 155-room hotel. Report: Developer sought for St. Paul Ford site Ford Motor Co. is looking for a master developer for its assembly plant St. Paul, which will be closing in September of 2009. (F) Premier unit signs supply contracts Premier Purchasing Partners has signed supply contracts with TruTek Inc. of Pennsylvania and New York-based Welch Allyn Inc. Pinnacle's Lumière Place posts loss in Q1 Pinnacle Entertainment's Lumière Place casino and luxury hotel complex in downtown St. Louis lost $760,000 during the company's first quarter primarily due to significant initial marketing and overstaffing. (PNK) DCI reports on downtown Cincinnati progress Downtown Cincinnati Inc. had good news for attendees at its annual meeting Thursday - more tenants, more restaurants and more activity in the central business district. National Association of Realtors expects home sales improvement soon A National Association of Realtors (NAR) study shows house sales remained soft in March, but the organization is forecasting sales will begin to improve over the summer. Crossman to manage Winter Springs Town Center Crossman & Co. on Thursday announced it has been selected to lease and manage the Winter Springs Town Center. Cupertino Square shopping center in default on $195M loan The holder of a $195 million construction loan secured by Cupertino Square shopping center has filed a notice of loan default with Santa Clara County. ZipRealty more than doubles Q1 loss on lower home prices ZipRealty Inc. reported a net loss of $7.3 million, or 31 cents per share, in the first quarter as the slow housing market resulted in lower average prices for online home sales. (ZIPR) Xcel Energy finds new HQ building in Denver Xcel Energy Inc.'s search for new regional headquarters space in Denver is over. (XEL) Forestar posts first-quarter loss Forestar Real Estate Group Inc. reported a first-quarter loss as it attempts to regain its footing after coming out from under Temple-Inland Inc.'s shadow. (FOR) Ty's Toy Box adds space in Florence Online toy distributor Ty's Tox Box said Wednesday that it is nearly doubling its space at its headquarters in Florence. LoanSifter, BWAY receive tax credits LoanSifter Inc., an Outagamie County Internet-based product and pricing search engine company, will receive $160,000 in Technology Zone tax credits to help finance additional product development that's expected to create 34 jobs. San Jose City Council won't allow rezoning of 7 acres near Santana Row The San Jose City Council on a 6-5 vote refused to allow a developer to rezone commercial property near Santana Row for the construction of homes. Urban planners push for First Mariner Arena's redevelopment While city leaders continue to wade through proposals to build a new arena, members of Baltimore's design community want to make sure redevelopment of the existing downtown venue isn't ignored. Halfmoon holding meeting to discuss $50M Healthcare and Biomedical Research Campus The Town of Halfmoon Planning Board will hold an informational meeting on May 12 to discuss plans for an estimated $50 million Healthcare and Biomedical Research Campus in the Saratoga County town. Madison firm receives state aid for growth DNAStar Inc., a developer and marketer of genetic research software, will receive $231,500 in Technology Zone tax credits to help pay for a $2.5 million expansion of its Madison facility. First phase of Crestview Station project underway A groundbreaking ceremony will be held next Tuesday for the first phase of Midtown Commons, the 73-acre, mixed-use development that will go up adjacent to the Crestview Station commuter rail stop in Central Austin. (CBRE) Long & Foster finishes Chantilly building The Long & Foster Cos. announced completed its new 287,000-square-foot, five-story Class A office building located on Route 28 in Chantilly. Credit woes play role in Irwin Financial loss Irwin Financial Corp., an Indiana-based bank holding company that serves Louisville, announced Wednesday that it lost $22.2 million in the first quarter, a result, in part, of a decline in the value of its portfolio. (IFC) Centene's proposed redevelopment of Clayton headquarters similar to 2005 plan Centene Corp.'s latest proposal to keep its headquarters in Clayton, Mo., is similar to the one the company originally proposed for the city in May 2005, according to Clayton city officials. (CNC) LoftWorks completes $9M renovation of Ludwig Lofts St. Louis-based developer LoftWorks' $9 million redevelopment of the Ludwig Lofts building in downtown St. Louis into retail, residential and office space is complete. The Shops at Kenilworth lands new retailers The Shops at Kenilworth has signed two new tenants, despite an economic tumble in retail. (JOSB) Republic Bank forecloses on part of Woodstock Downtown mixed-use project Republic Bank has foreclosed on a portion of the retail development of Hedgewood Commercial Properties' Woodstock Downtown project. NewStar turns profit, boosts credit capacity NewStar Financial Inc. said Wednesday it generated net income of $6.1 million in the first quarter, reversing a year-ago loss, as the specialty lender boosted a credit line from Deutsche Bank by $100 million to $400 million. UC-Davis moves M.B.A. program to San Ramon's Bishop Ranch Rapid enrollment growth has prompted UC-Davis officials to shift their M.B.A. program for Working Professionals to a new location at one of the East Bay's biggest employment centers, Bishop Ranch Business Park in San Ramon. Controller: Revenue up, but challenges ahead The state received an unexpected $1.4 billion in personal income taxes through April, but State Controller John Chiang said Californians "should not be lured into a false sense of security." UC Davis program moves to Bishop Ranch The University of California Davis Graduate School of Management will move its Bay Area Program for Working Professionals to Bishop Ranch Business Park in San Ramon, joining corporate giants Chevron, Verizon Corp. and Wells Fargo. Pulaski Financial ranks No. 10 on SNL Financial performance list Pulaski Financial Corp. is the 10th-best public thrift in the country, according to SNL Financial's annual performance ranking of the country's 100 largest thrifts. Builders to begin $13M expansion of downtown parking deck Construction is slated to begin Wednesday on the $13 million expansion of the parking deck adjacent to the proposed Marriott Renaissance Hotel in downtown Birmingham. Target anchor at Kingsdale scrapped The owners of Upper Arlington's ailing Kingsdale Shopping Center are back to the drawing board for a redevelopment plan after potential anchor Target Corp. fell through. (TGT) KeyPoint to broker North Shore plaza KeyPoint Partners LLC has been named the exclusive broker for Commodore Plaza, a 41,718-square-foot shopping center in Beverly, Mass., the retail real estate services firm has announced Tuesday. First Student spending $90M to upgrade school buses First Student Inc. has signed a contract with Thomas Built Buses Inc. to upgrade its fleet of school buses over the next three years. Piper Jaffray pushes into media and telecom coverage Piper Jaffray Cos. is beefing up its New York analyst team as it expands its coverage into the media and telecom industries. (PJC) Tahiti Gardens Associates files Chapter 11 Real estate company Tahiti Gardens Associates LLC filed for Chapter 11 bankruptcy protection on Monday. Presbyterian unveils Rio Rancho hospital Presbyterian Healthcare Services laid out its plans Monday for a full-service hospital in Rio Rancho due to be completed by fall 2010. Earnings up, debt down for St. Joe Net income was up 40 cents per share for the first quarter at The St. Joe Co. and its debt was down to $48.7 million. (JOE) Foxhall Village would add 5,400 residences in Fulton County Merrill Trust Communities & Resorts of Atlanta, which is already planning a massive mixed-use recreational resort club community in Douglas County, has asked for rezoning in Fulton for a similar project. Marcus to replace Eastgate Cinema in Madison Marcus Theatres plans to build a new 16-theater complex on Madison's east side to replace the Eastgate Cinema. (MCS) Port Orange retail center sells for $3.85M A Volusia County shopping center sold for $3.85 million, Marcus & Millichap Real Estate Investment Services announced Monday. Health Market Science expands in Liberty Property building Health Market Science Inc., a health-care data provider, has expanded its office space in King of Prussia, Pa. (LRY) Cogdell Spencer increases funds from operations Cogdell Spencer Inc. reduced its losses and increased its funds from operations during the first quarter. (BAC) (CSA) Home values creep upward in April For the first time in five months, houses are selling for slightly more than they did in the previous month. But Home Encounter, which released the numbers Monday, said to wait before getting too excited about the market rebounding. Real Estate Roundup: Farmers Insurance leases at Lincoln Farmers Insurance Exchange leased 9,192 square feet at 2 Lincoln, 10220 S.W. Greenburg Road, in Portland. Erik Doyle leaves CBRE for Cornish & Carey Erik Doyle, the high-flying investment sales broker for CB Richard Ellis in San Jose, has left his perch atop a dominant South Bay property sales team to be the new president of rival brokerage Cornish & Carey Commercial/ONCOR International. GLO puts South Beltway acreage on sales block The Texas General Land Office has placed 234 acres up for sale on Beltway 8 South. Cornish & Carey names Doyle new president Commercial real estate brokerage Cornish & Carey has appointed Erik Doyle president, to work with the company's 10 regional offices. Forte completes construction on new office in Pelham Local computer system development company Forté Inc. said it recently completed its new offices at the Hayesbury commercial development in Pelham. Restaurant group unveils Caffe Porta Via Quality Restaurant Ventures Inc. on Monday announced Caffe Porta Via would be the name of its third quick-serve food brand to operate in large commercial complexes and office buildings. Koontz McCombs unveils plans for new condos at Port Aransas Commercial real estate development firm Koontz McCombs begun laying the groundwork for a new condominium project on the Texas Gulf Coast called The Palmilla at Port Aransas. Teacher Retirement System of Texas to invest $262M in Miss. REIT The Teacher Retirement System of Texas has approved a $262.5 million equity commitment to a Mississippi real estate investment trust. (PKY) Fitness Resource moves HQ to Sterling Fitness Resource, a regional exercise equipment supplier, is moving its headquarters and distribution center from Merrifield to Sterling. VTA to sell Midtown San Jose property for mixed development The Valley Transportation Authority has agreed to sell 5.25 acres in the Midtown district of San Jose to a partnership that intends to develop a high-density housing, retail and office village adjacent to an existing light-rail line. RealEstate.com expands product offering RealEstate.com has added features to its real estate listing Web portal, giving users access to neighborhood information for more than 22,000 cities nationwide. (IACI) Bonefish Grill opens in The Villages A Tampa seafood restaurant chain opened its first location in The Villages, Crossman & Co. announced Friday. Real estate wrap: Program promoting riverfront development The Delaware Valley Regional Planning Commission is taking a step toward igniting development along the Schuylkill and Delaware rivers in Philadelphia. ProLogis to develop first projects in city JACKSONVILLE -- Industrial development giant ProLogis plans to develop up to 2.5 million square feet of speculative and build-to-suit distribution space in the Jacksonville area. (NSC) (PLD) Industrial market expected to strengthen JACKSONVILLE -- The local industrial market softened in the first quarter, but brokers expect it to firm up by the second half of the year. How Harris Development Group landed high-profile South End site Matt Browder of Harris Development Group knew the Simpson's Lighting property at 1200 South Blvd. would someday be a perfect candidate for redevelopment. Farnsworth back in real estate with lease of office to government agency The Social Security Administration Office of Disability, Adjudication and Review will move into a 22,677-square-foot building at 309 Monroe by the end of June. Conservative approach Call it one of St. Louis' best-kept secrets. Property owners oppose garbage station Property owners' plans to develop land in west Sanford may end up trashed if the city allows neighboring Waste Services of Florida Inc.'s recycling facility to handle household garbage. Business park gets inaugural spec building Mills-Oberer Development Co. just wrapped up its first speculative building at a new $25 million office park in Fairborn. Real estate investors find tight credit, slim selection As the credit markets tighten, so has the market for investment real estate. Tough times call for big names in retail market Anchored by a bustling Schnucks grocery and a 124,000-square-foot Target, the once flailing Northland Shopping Center in Jennings now boasts a 99 percent lease rate a year and a half after reopening. So far, slowdown has small impact on office vacancies The St. Louis region's office space market is proving to be resistant to the economic downturn, at least for now, by one peculiar measure: "shadow" office space. Old competes with new in Buckhead office marketplace Three million square feet of brand-new trophy towers hurtling toward completion presents stiff competition for some existing buildings in the Atlanta submarket -- ones known for high-image tenants that are always ready to move into the newest, hottest, most glamorous buildings available. Long courtship births real estate powerhouse This power couple took nearly six years to get to the altar. Metro East projects move forward despite slowdown The Metro East, a hotbed for commercial development for the past several years, is starting to see some movement on previously announced mixed-use mega developments. Sale prices up despite down economy Commercial real estate prices continue to climb in America, especially in the warehouse sector, despite the nation's overall economic decline. (MHP) Washington University invests $2 billion in real estate over decade Washington University spent $1.74 billion on capital expenditures in the past decade, making it one of the region's largest real estate developers. New product for Braselton-Commerce corridor There's new product planned, dirt getting pushed around and big-box bulk warehouse buildings changing hands in metro Atlanta's growing Braselton-Commerce Interstate 85 industrial corridor. Eola Capital in a buying mode TAMPA -- For the first time in more than a decade, Buschwood Office Park's three buildings have a single owner. Industrial development in west Orange County on the rise Building industrial and business parks in west Orange County has become a cash crop for developers and brokers. Gateway Commerce signs Procter & Gamble lease Procter & Gamble signed a 1.2 million-square-foot lease this week at Gateway Commerce Center in the Metro East, the largest industrial deal in the region in more than a year. U.S. Bank Tower could fetch $340M sale price Portland's biggest, pinkest skyscraper is on the market. New owner sought for 'ghost tower' The never-occupied BEA Systems Inc. headquarters in downtown San Jose will have a new owner and could soon be occupied after sitting vacant since its completion in 2002. Daimler Trucks part of York County plans Newly revealed plans for a York County development call for more than 4 million square feet of office space aimed at luring the headquarters of Daimler Trucks North America. Value office project offers cheaper option Amidst a local Class A office building boom, businesses seeking cheaper space are finding few options. Landlords hand out cash, perks to entice new tenants Picture the drive-through lane at a fast-food joint at its busiest hour, with cars stacked up around the building waiting for their turn at the window. Developer scraps Arundel office plan An oversupply of office space has forced a Lutherville developer to discard plans for a multi-building office park in Hanover and could signal trouble for the 1.6 million square feet now under construction in the Baltimore-Washington corridor. Apartment building in Pittsburgh's Shadyside neighborhood sells, brings big return for owners A hot market for rentals has given a pair of Pittsburgh families a fantastic return on a two-decade-old investment.

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