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ATLANTA-The 18-acre project will be anchored by a Publix supermarket at GA 20 and Samples Road north of Downtown Atlanta. North American Properties has signed five tenants to the 75,000-sf center so far.
ORLANDO-Population and employment growth will keep retail humming in 2002 in Orlando and Tampa, even though tourism is expected to be flat. A power center shakeout is on the way.
GREATER BOSTON-Vacancy rates shoot up in this area and those numbers are likely to rise further as leases signed in the late 1990s start to expire. Rents have fallen dramatically and it is unclear when the market is likely to pick up.
ANNAPOLIS, MD-According to the third quarter report from the National Center for the Seniors Housing & Care Industries (NIC), the occupancy rate in assisted living facilities may be stabilizing after a year of consistent decreases. But NIC officials conclude that any stabilization trends will not alter the steadily decreasing construction starts in this industry sector.
PORTLAND-Portland Community College, with a new Southeast campus in the offing, has CB Richard Ellis marketing its 88,000-sf building located on 7.5 acres along Southeast 82nd Avenue, a few blocks south of Division Street.
FORT LAUDERDALE, FL-Environmental activists want the state to borrow bond money to buy privately-held land before the dirt is commercially developed. But Gov. Jeb Bush opposes borrowing unless it is absolutely necessary.
AUBURN HILLS, MI-Local brokerages Signature Associates-ONCOR International of Southfield and Cushman & Wakefield of Michigan arrange a 58,000-sf of office lease for the automotive credit manager's regional service center.
COLLEYVILLE, TX-A Dallas-based partnership closes its second land sale and awaits a third signing in mid-February. Land once ticketed for retail sparks more interest in the neighborhood office arena, says the seller's broker.
BURBANK, CA-In Nov. of 2001 construction activity totals reached $3.86 billion, and for the year the estimate is $61.51 billion, down 2.97% from 2000. The forecast for 2002 is $57.45 billion.