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SPOKANE, WA-A couple of key industries have been hit by recession here, but the president of Spokane's Economic Development Council can rattle off nearly $1 billion in recent development and says another $17 million worth is underway at Spokane International Airport to keep up with the new demand.
DALLAS-UT Southwestern is getting the largest research facility to be built on a Texas campus. The 856,000-sf, two-building project is carrying financial blessings from the federal government on down to private donations.
AUSTIN-There are similarities to the market of the 1980s in Austin, but the differences between then and now are such that it won't be a repeat performance of 40% vacancy, says two seasoned market watchers.
HOUSTON-The city's office market hits its lowest point in nine years, with 12 of 19 submarkets posting negative absorption. Rents are falling and sublease space is rising. Enron accounts for 675,000 sf of 881,872 sf of empty CBD space.
WASHINGTON, DC-The area committee charged with pursuing the District's bid to host the 2012 Summer Olympic and Paralympic Games has submitted a bid addendum that calls for a massive Olympic Sports Complex to be located at RFK Stadium.
ATLANTA-John Murphy has resigned as senior vice president of Cousins Properties Inc.'s office division. He has been replaced by Tad Leithead. Walter Fish has been promoted to vice president, director of leasing.
COLTS NECK, NJ-The planning board hears conceptual plans for a Colonial-style complex to be developed by Seta Realty. Public hearings are the next step for the proposal.
BOSTON-Fitch Ratings assigns an A+ rating to the city's $117 million convention center loan. With this financing, the city meets the bulk of its financial commitment to the 1.6 million sf convention center, which will be New England's largest convention facility and among the largest in the US.
AUSTIN-The San Francisco developer gets the high-level nod that's needed despite stiff competition from an Austin-based consortium jockeying for the 709-acre redevelopment plan. Now, Austin and Catellus sit down to dicker development contract terms.
IRVINE, CA-The new office is the general contractor's second location to open in Southern California. Based in San Diego, the company also has offices in Palm Springs, Las Vegas and Phoenix.