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MCLEAN, VA-Temporary office space provider Teqcorner gets four new tenants. Area demand for turnkey, temporary digs continues to be a growth market despite a dramatic decrease in the number of start-up companies.
ORLANDO-The Allentown, PA-based semiconductor manufacturer lost $332 million or 20 cents per share on revenue of $560 million in its fiscal third quarter ended June 30. That compares with a loss of $1.1 billion or 68 cents per share on revenue of $927 million in the same 2001 period, the company reports.
ORLANDO-The chairman/CEO of the largest publicly traded real estate company in Florida says the effective EBITDA, after certain exclusions, was 15% higher than second quarter 2001.
WHITE PLAINS-Starwood Hotels & Resorts Worldwide, Inc., reports that it has reached an agreement to sell four hotel properties in Italy, part of the firm's upscale CIGA portfolio, for 350 million euros or more than $340 million.
TUCSON-Bedrock Foundations of Irvine, CA sells the final piece of an industrial park bought a few years back. The plan was to stabilize and piecemeal sell for a profit. A California couple satisfies a 1031 Exchange with the deal.
EAST BRUNSWICK, NJ-State DEP head Bradley Campbell asserted at a recent association meeting that the state and its cities need to work more closely together.
DENVER-Vacancies have hit 9.3%, nearly double the rate of two years ago and 3.6 percentage points higher than it was a year ago. However, average rents are now going up, according to a report by the Apartment Association of Metropolitan Denver.
AUSTIN-A 138-room Hilton unlocks the doors at 11617 Research Blvd. Alegre Hospitality is the franchise owner, with LinGate Hospitality of Ohio tapped to manage the facility positioned near some high-profile employers.
DALLAS-Grubb & Ellis' just released "White Paper" on WorldCom's Texas space puts the heaviest burden on Dallas-Fort Worth, where leases for 200,000 sf expire by midyear 2003. San Antonio and Houston could get stung as well.
BELLINGHAM, MA-JPI makes a third revision to its proposed apartment complex on a 49-acre parcel on North Main St. The project is being built under the state's affordable housing law, enabling the developer to bypass local zoning laws.