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CHARLOTTE-Flex product (office and warehouse combination) is suffering the most at a 22.9% vacancy level, followed by warehouse/distribution, 7.5% and manufacturing, 4.8%, according to a new study of the area's 110.7 million-sf inventory by CB Richard Ellis Inc.
STAMFORD, CT-A major portion of the 175,000 sf of space at 400 Atlantic St. here that American Express Co. had leased in the aftermath of the terrorist attacks on the World Trade Center will soon be coming available on the sublease market.
JACKSON COUNTY, MN-The project, which also involves Wold Architects and Engineers, is expected to be completed by May 2003. Renovation will be done to the courthouse as well as the law enforcement center.
LONDON-The Prudential Assurance Company has become the latest company to sign a pre-letting at Development Securities' PaddingtonCentral development in central London. The financial services giant will take 38,729 sf in a building due for completion in August 2002.
WASHINGTON, DC-Transwestern Commercial Services and Delta Associates choose DC Mayor Anthony Williams and real estate company Quadrangle Development Corporation as their public and private trendsetters of the year.
BOSTON-Hotel occupancy rates here continue their downward trend but the Ritz Carlton Boston says it will reopen its doors next October, a year after closing for a $45-million renovation. The hotel closed three months earlier than planned, due to the Sept. 11 terror attacks.
COLUMBUS, OH-The three-story building, a joint venture between Turner Construction Co. and Elford Construction, with an attached $13-million parking garage should be completed by February 2004.
DEERFIELD BEACH, FL-The 15-year-old, locally based manufacturer and distributor is taking the entire space at the newly completed Enterprise Center, 1601 Green Road, Pompano Beach, FL. The six-year lease has an estimated aggregate value of $1.8 million.
TEMPLE, TX-Echo Station, a 19th century post office and train station now in the municipal bounds of Temple, is the construction site of a 176-unit apartment complex that will deliver in May 2003. Malone Mortgage arranged the financing package.
CHICAGO-Home Depot makes it official, signing a long-term lease for 91,000 sf at 2665 N. Halsted St., where it will launch its "neighborhood store" concept involving customers ordering goods to be delivered to their homes.