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LOS ANGELES-The Grubb & Ellis report says conditions deteriorated in 2001 but the construction pipeline will be substantially depleted by mid-year 2002, setting the stage for a market turnaround.
MESA, AZ-Sossaman and Guadalupe roads will be getting a 34,000-sf neighborhood center and a CVS drug store. Gustine Properties of Pittsburgh takes 1.84 acres just months before the center's ground-breaking.
DALLAS-Seven tenants sign for office buildings in Dallas, Irving, Arlington, Plano and Euless. Some have moved in; others are still planning. The highest-profile spot, the 48th floor of the Dallas' Chase Tower, has the sublessee rolling three offices into one.
QUINCY, MI-Speedrack wants a $1-million grant to clean up a former window company property for a 330,000-sf warehouse building. That's on top of a $1.4-million incentive package that kept the company in the state.
ARLINGTON, VA-The Arlington County Board approves Crescent Resources' planned 654,000-sf office and retail building, 1 Potomac Yard. The $100-million project is the first facet of Crescent's proposed 300-acre mixed-use community on property that was once used for railroad tracks.
SEATTLE, WA-"I think activity has picked up slightly," says Colliers executive Rob Aigner. "At least our brokers are touring clients." But aside from a few more folks looking at spaces, he says not much has changed Downtown since last quarter.
EAST RUTHERFORD, NJ-Preliminary 1Q market numbers from C&W show sublet space watering down the office sector, while industrial remains tight and active.
CHULA VISTA, CA-An industrial specialist is negotiating with prospective tenants to fill the remainder of a 16-building complex it purchased earlier this year for $12.4 million.
LONDON-Teesland Development Company has submitted an application to Bournemouth Borough Council for a £40 million ($56 million) mixed-use development at St Paul's Place, within the Lansdowne area of the town
CHICAGO-The city hopes to reach a memorandum of intent with a master developer in July for the 2.8-acre site now dubbed 108 N. State St. Jones Lang LaSalle and Tishman-Speyer are among those taking a pass on the project.