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PHOENIX-Marcus & Millichap research shows 26,500 new jobs will come to the city to pull 9.5% from the region's multifamily vacancy. But, the team says it's not likely to translate to rent growth, predicting a 2% dip in the $694 per month average.
FALLBROOK, CA-The buyer, 4 Big Surf LLC, acquires 30,623 sf of shadow retail space located in the Fallbrook Towne Centre. The property encompasses a total of approximately 130,000 sf, but anchor tenants Albertson's and Sav-On Drug were not included in the offering.
NEW YORK CITY-A CB Richard Ellis building-management executive tells how he coordinated the safe evacuation of some 115 New York metropolitan buildings during the worst blackout in US history. And he tells how the event will help to shape his firm's ongoing emergency procedures.
DENVER-Known as the nation's only office REIT that caters to small and medium-sized tenants, AmeriVest posts a second quarter loss of nine cents per share.
PORTLAND-The approval means 31 riverfront acres just south of Downtown will become a dense, high-rise mixed-use neighborhood anchored by a satellite campus for the city's largest private employer, Oregon Health Sciences University.
SAN DIEGO-The general contractor wraps up work on phases II, III, IV and VI of the University of California, San Diego Medical Center's Emergency Department/Triage. Completion on the project is currently scheduled for November 2003.
FORT WORTH-The developer partners with Chief Oil & Gas to drill 32 wells at a cost of $700,000 apiece in a first-time plan to tap its claim to the state's top producing field. Royalties are just part of what AllianceTexas stands to gain.
CHANDLER, AZ-The Decor Store lifts occupancy to nearly 70% with a 39,062-sf lease in the 144,000-sf, three-building Chandler Business Center. Based in Simi Valley, CA, the commercial supplier occupies in November with a five-year lease.