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SEATTLE, WA-Consultant Brian O'Connor says vacancies in Seattle's Downtown apartment market are now around 13%--but that figure could jump as many as four percentage points by mid-year.
COLLEGE PARK, GA-Hitachi Transport Systems has signed a new three-year, 102,000-sf lease with an estimated aggregate value of $841,500 at the two-building, 845,000-sf Majestic Airport Center I in suburban College Park, GA, near Hartsfield International Airport.
DALLAS-The North Texas Association of Commercial Realtors is scouting for a new executive director while its former leader, Scott Byrne, is job hunting. An insider says a replacement will be named Tuesday.
BREA, CA-Four months after nearly plunging into bankruptcy, the provider of real estate technology solutions says it has completed an plan aimed at consolidating and stabilizing the company, now named Realigent Inc.
DENVER-Holders of $57 million in bonds now control the fate of the $93-million Colorado's Ocean Journey in the city's Central Platte Valley area. The city sees no financially feasible rescue plan, Mayor Wellington Webb says.
STANTON, CA-A private investor acquires the 15-unit property, which is the latest in a string of smaller apartment complexes to trade hands in the county in recent weeks.
CANNES-A property developer plans to build a massive tower in London and nobody is objecting. Southwark Borough Council has resolved to grant planning consent for the proposed London Bridge Tower mixed use development next to London Bridge Station.
SAN JOSE, CA-With the cost being picked up by Cisco Systems, the City Council this week authorized city staff to begin acquiring or condemning properties necessary for the widening of the Montague Expressway to make room for traffic that will be generated by Cisco's 3.3 million sf industrial development.
PHOENIX-A trust, looking to trade up, foregoes a plan to buy multifamily and instead pays about $1.3 million for an 11,487-sf office building along Missouri Avenue in Phoenix. The buyer let go of a medical office building for the 1031 deal.