ATLANTA-Third-quarter data shows a positive increase in absorption, yet 2002 is "the worst year in absorption since we began tracking office market data in 1987," Richard E. Bowers, president, Richard Bowers & Co., says in a new market report.

PHILADELPHIA-The Downtown Columbus, OH office vacancy rate rose to 23.6% during the third quarter, according to research by the Columbus office of Los Angeles-based CB Richard Ellis. The exit of a bankrupt company from 90,000 sf and Andersen's departure hurt.

PHILADELPHIA-The home-grown grocery chain buys 3.5 acres at the 86-acre former Quartermaster Depot. This gives Philadelphia Industrial Development Corp.'s plans to convert the excess military asset to retail a big boost and

ATLANTA-Savings and lower rental rates are cited as reasons why leases were signed in two separate transactions, totaling 188,274 sf at properties in the Fulton submarket, where asking average rentals range between $3.34 per sf and $4.46 per sf.

ATLANTA-Third-quarter data shows a positive increase in absorption, yet 2002 is "the worst year in absorption since we began tracking office market data in 1987," Richard E. Bowers, president, Richard Bowers & Co., says in a new market report.

PHILADELPHIA-The home-grown grocery chain buys 3.5 acres at the 86-acre former Quartermaster Depot. This gives Philadelphia Industrial Development Corp.'s plans to convert the excess military asset to retail a big boost and

PHILADELPHIA-Grand Prairie, TX-based Fairfield Residential sells the class-A multifamily rental complex in the upscale Hilliard school district of Columbus, OH for about $59,028 per unit. The property is 96% leased, and rentals range from $680 to $1,300 a month.

PHILADELPHIA-Conversion of one of the earliest enclosed shopping centers into a 293-room Hyatt Regency, 48,000 sf of retail space, and a 10,000-sf restaurant, receives the National Preservation Award for Chicago-based LR Development and Hyatt Hotels Corp.