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NEW YORK CITY-Current hotel development levels are comparable to the early '90s slump, according to GlobeSt.com MarketData provider Lodging Econometrics. New room counts have felt a 28% drop since January 2001 and hotel openings haven't been this scarce since 1995.
LONDON-Bracknell Forest Borough Council has unveiled its new proposals for the redevelopment of Bracknell Town Centre. Following an abortive attempt to create a 1 million sf-plus regional mall in the town, the council how proposes a slimmed-down scheme.
NEPTUNE, NJ-MDS Pharma, which services pharmaceutical and biotechnology companies, has leased 25,000 sf within a new 150,000-sf, three-building complex.
OVERLAND PARK, KS-Dakota Hospitality owns and manages the new 125-room business-oriented hotel near the suburban business park and Sprint headquarters. The four-story hotel includes 2,500 sf of meeting space.
WHITE PLAINS-Starwood Hotels and Resorts Worldwide reports its has struck a new management deal with a hotel operator in Kyoto, Japan and will soon will be opening its 14th hotel in China.
PORTLAND, OR-The score is an average of executives participating in Friday's "100 Best Companies to Work For" event. On the upside, nearly 88% of respondents were not anticipating layoffs at their companies for 2002.
SILVER SPRING, MD-WesTech Business Park gets a new tenant as Children's Hospital Center takes on 33,107-sf of space, nearly half the entire building at 12221 Plum Orchard Dr.
CHATHAM, NJ-The financings, which cover four states, are for a range of assets including retail, office and multifamily properties. The largest are for residential properties in New Jersey and New York.
CHICAGO-Striking out on your own used to be many a broker's dream, but some of those who have done it have opted to return to the stability of a corporate umbrella. The top-performing independents also are in a position to receive job offers.
TAMPA, FL-The 5.62 million-sf central business district submarket saw 394,551 sf go dark in fourth quarter 2001, bringing total net absorption to a negative 128,852 sf, the poorest performance of the last six years.