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SEATTLE, WA-Three brokers at Paragon Real Estate Advisors say investors are worried about economic impacts--like Boeing layoffs--on outlying submarkets. At times like these they say investment money turns to historically stable and well-occupied neighborhoods like close-in Capitol Hill.
AMSTERDAM-Last year started well but 11 September hit the European hotels industry hard. Andersen's <I>Hotel Industry Benchmark</I> survey says that determination by hoteliers made the market rally.
HOLLYWOOD, CA-Under construction for more than three years, the 1.3-msf entertainment and retail space will serve as the new permanent home of the annual Academy Awards ceremony, set for March.
SHEFFIELD-BC Asset Management's Property Income and Growth Fund has bought the recently-completed No. 1 Riverside Exchange from developer Wilson Bowden.
DENVER-The media mogul plans to open five Ted's Montana Grills in the area, most likely Aspen Grove shopping center in suburban Littleton and Larimer Square Downtown. Other test markets are Columbus, OH and his hometown of Atlanta.
SEDONA, AZ-Weitz Co. of Des Moines kicks off work on a Seven Canyons fractional ownership resort, beginning with a $20-million clubhouse and first wave of 84 villas and 12 casitas. The championship golf course opens in the spring.
UPTON, MA-Activists here are trying to prevent a medical waste processing facility from being built on part of a 32-acre site. The Citizens for the Preservation of Upton has introduced a zoning bylaw but it is unclear if that will be enough to hinder the facility's development.
JERSEY-The 130,000-sf Waterfront leisure scheme in St Helier, Jersey is now fully let. Manchester-based developer CTP has leased all the bars, restaurants and cinemas more than six months ahead of completion.
HOUSTON-The suburban submarkets come to the rescue as CBD occupancy plummets 12.32 points in one quarter. The CBD dips to 85.08% whereas citywide occupancy is down just 0.24 of a point to 93.26%, the second highest level in eight years.
PHOENIX-A hair replacement clinic, pain management practice and skin-care specialist will open doors in new office space, thanks to a trio of signings for metro Phoenix. The Hair Club for Men signs for the largest spot, 5,597 sf.