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Local real estate company switches into development mode.


AFTER holding onto large parcels for several years, Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM).

The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs
 Properties Group Inc. is flipping Flipping

Buying shares in an initial public offering (IPO), and then selling the shares immediately after the start of public trading to turn an immediate profit.


flipping 
 on the "develop" switch.

The company, responsible for many downtown L.A. high-rises, is moving forward with plans to develop a 270-acre site near Austin, Texas and a 46.5-acre site in El Segundo El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and .

Both projects would be a combination of office, retail, hospitality and residential uses, based on market demand. While marketing has progressed in El Segundo, Thomas Properties is just beginning the process in Austin.

"(In Austin,) given the state of the economy, there is stronger demand for amenities and retail than there is for office space," John O'Neal, Thomas Properties' Austin project manager, told the city's business journal.

In El Segundo, Thomas Properties has entitlements for a 2.2 million-square-foot development that will contain offices, retail hospitality and some "community serving" components.

Thomas Properties hired CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2.  Group Inc to market the first 14 acres of the site. The company is looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 a developer or user for retail and a hospitality component.

William G. Bloodgood, a CBRE CBRE CB Richard Ellis (real-estate firm)
CBRE Chemical, Biological, Radiological and Explosive
CBRE Component-Based Reliability Estimation
CBRE Coldwell Banker Richard Ellis (Boston, MA) 
 senior vice president marketing the El Segundo site, said demand has been high in the South Bay for build-to-suit developments like the one Thomas Properties is proposing.

"What you are seeing is a lack of significant blocks of space on the market," he said, "which brings about the viability of build-to-suit opportunities again."
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No portion of this article can be reproduced without the express written permission from the copyright holder.
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Title Annotation:Thomas Properties Group
Comment:Local real estate company switches into development mode.(Thomas Properties Group)
Publication:Los Angeles Business Journal
Article Type:Brief article
Geographic Code:1U9CA
Date:Apr 17, 2006
Words:229
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