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WASHINGTON, DC-The District weathers the economic storm--and other problems--to emerge as one of 2001's highest performing commercial real estate markets in the country, according to Cushman & Wakefield's year-end MarketBeat series.
WASHINGTON, DC-Real estate services provider Oncor International summarizes the highs and lows of the office real estate industry in its 2001Year-End North American Office Market Report. While the slow economy and newfound security fears will lead to an increase in back-office construction, industry insiders are countering any further negative effects by refusing to panic.
PORTLAND-The Port is entering Phase 2 of its $7-million effort to correct damage that was done to Wetlands it once slated for development and filled with sand dredged from the Columbia River.
FERNDALE, MI-The city owns the building, but will lease it to the Detroit Curling Club for the winter months and use it as community center in the summer. Construction of the $1.2-million facility was aided by US Marine Corps reservists.
PASADENA, TX-Kimco Income REIT has the inside track on a 250,000-sf retail transaction in Pasadena. The owner of the 170,000-sf first phase now seals a deal for the second portion of Fairway Market Place. Phases three and four are under construction.
AUSTIN-Austin City Council today hears the pros and cons for the 150-unit Villas on Guadalupe, a student apartment complex on the fringe of the University of Texas campus. Planners say it's a good fit, but opponents fault parking provisions and building height.
PHOENIX-Attorney Richard E. Taylor has taken a 1980s vintage law office back to its original intent in an acquisition from the heirs of prominent Phoenix attorney, the late Elias Romley. Taylor's firm will occupy the first floor and lease the second.
MALDEN, MA-The redevelopment of Rowe's Quarry here is awaiting the Massachusetts Highway Department's verdict on the proposed traffic changes necessary for the project to move ahead. The decision is expected any day.
ORLANDO-New York-based Lend Lease Real Estate Investments Inc. picked Crow over Cushman & Wakefield of Florida Inc., CB Richard Ellis Inc. and Grubb & Ellis Co. The value of the leasing/management contract wasn't disclosed.
NEW YORK CITY-New hotels opening in Manhattan will benefit from the lack of funding for hotel construction here. But investor interest in the lodging market on a national level is keen, with a recovery predicted for 2003.