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BELLEVUE, WA-City officials are pushing a $68-million ballot measure for parks, saying if the market rates on land go up too far too fast, they will have little chance to buy property for parks and prevent them from being developed into new commercial and residential developments.
GRAPEVINE, TX-Dallas' Roger Gault and Terry Casey believe the time has come to redo an industrial building into office flex. It's a mile from the $200-million Opryland Texas project, which got its own economic boost this week.
SACRAMENTO-A Latino supermarket chain will soon be a major draw to one of Sacramento's least attractive streets, giving hope to the Sacramento Housing and Redevelopment Agency for new businesses.
ATLANTA-In the midst of a floundering Atlanta apartment market, the once-dormant South Atlanta/South Fulton County area posts a solid 94.4%-occupancy rate, according to a new report by Carrollton, TX-based M/PF Research.
TEMPE, AZ-The leading defense contractor lines up 27,873 sf in the two-building Normal Junction industrial complex. General Dynamics is heading into space once occupied by Motorola.
PHILADELPHIA-Although office vacancy rates in Philadelphia and surrounding submarkets will continue to rise this year, and asking rents remain flat, reduced construction levels are keeping the market intact, according to research from Marcus & Millichap.
DENVER-Fuller and Co. pegs the vacancy rate at 7.7%, but it rises nearly one full percentage point when 1.8 million sf of sublease space is added to the equation.
DETROIT-The California firm is consolidating properties in the western states and sells its share of 2 million sf in Penobscot and First National to PTG Holdings. The move comes after $20 million in improvements.
REDMOND, WA-Eddie Bauer plans to expand its world headquarters here to include a new four-story building on its Overlake campus. The project would facilitate the company's recent clothing line expansion.
ATLANTA-Authors of the second quarter 2002 Atlanta office market report from locally based Bullock Mannelly Partners see lackluster performance this year. Completions will slow, vacancy will rise, rents will stay flat and sales will be sluggish, while absorption struggles to inch ahead.