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NEW YORK CITY-Guarding against future attacks is a wiser use of resources than designing unassailable office fortresses, a new study on the Sept. 11 World Trade Center bombings finds. The report also credits the twin towers' design with keeping the 110-story buildings standing long enough for thousands of workers to be safely evacuated.
AUSTIN-There's no other word for it but "grim." In three years, flex occupancy has fallen 20%. The first quarter logged a negative absorption of 903,374 sf for flex, more than all of 2001. Overall, vacancy is 14.9%.
BLOOMINGTON, MN-Not only does the Minnesota Society of Certified Public Accountants get 1,400 sf more than it had at Wells Fargo Plaza, the rental rates at the Southpoint Office Center are lower.
NEW YORK CITY-In its third major new initiative in the past week, GlobeSt.com has partnered with Select Leaders, a subsidiary of executive search firm Equinox Partners, to launch the Employment Center, a comprehensive listing of new job opportunities within the real estate industry. The employment database officially launches today.
GREENWOOD VILLAGE, CO-One of NorthMarq Capital's life insurance company correspondents provides the money for DPC Development Co., owner of the 72,149-sf building at 7000 E. Belleview Ave.
BOISE, ID-WestCoast Hotels, which acquired the 182-room hotel in December, decides to self-title the the hotel in part to eliminate the franchise fee it was paying Doubletree.
SAN MATEO, CA-San Mateo County Supervisors have requested development bids for a $100 million project that will replace the overcrowded Hillcrest Juvenile Detention Center with a multi-purpose juvenile services campus.
LONDON-An estate agent has broken ranks to say that property prices are rising too fast and predicts that the market will drop to show overall growth this year of just 5%
HOUSTON-United Refrigeration stays put at North Shepherd Business Center while Zebra Woodworks & Installation moves across the street to Hempstead Highway Business Park in a 12,220-sf direct deal.