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NEW YORK CITY- Despite all the current doom and gloom, rent levels in the New York City office market are showing a sturdy growth and are in better shape than during the last recession.
DENVER-Murrayhill Co, which monitors a $330 billion portfolio of high-risk bonds for Wall Street firms, has leased the entire 16th floor in the Wells Fargo Center.
ORLANDO-James P. Conroy, convicted of three felonies in the alleged $214 million swindle of 2,203 global investors by the defunct, Orlando-based Evergreen Security Ltd. from 1990 to 2000, is scheduled to be sentenced July 15 in New York State Supreme Court.
MIAMI-The facilities include a $712.3 million, five-year revolving credit facility to mature in May 2008, and a $315.2 million, 364-day revolving credit facility to mature next May.
PORTLAND-Under a proposed deal for which the approval of Congress is being sought, United Parcel Service would swap 18 of 51 acres it controls at Southshore Corporate Park for 13.3 acres adjacent its Swan Island property that houses the U.S. Navy & Marine Corps Reserve Center.
BOSTON-The Marriott Residence Inn Boston Harbor on Tudor Wharf, a 168-suite hotel, opens its doors. The eight-story brick and glass hotel features an 8,000-sf pier.
ATLANTA-Homestead Studio Suites Hotels will be paying an affiliate of Houston-based Sunburst Hospitality Corp. an average $55,623 per room when the largest deal in Homestead's history closes by mid-June.
BALTIMORE-After 20 years in the same space, Alex.Brown Realty Inc. makes plans to move its offices to a 10,600-sf space in the 240,000-sf structure at 300 E. Lombard St. Office space at the class A, Inner Harbor property rents for $25 per sf.
SANTA ANA, CA-An investor from San Francisco buys the Villa Altiplano Apartments, a one-building complex along Highland Avenue, from two Orange County investors. The fully leased complex brings in monthly rents ranging from $782 to $860.
ORLANDO-A U.S. Department of Commercial biannual forecast predicts British and Canadian tourist numbers will be up for 2006 but the volume of Brazilian and German visitors will still be below 2000 levels.