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LINCOLN, MA-An affordable-housing development on land near the Minute Man National Historic Park, which is owned by the state highway department, would increase the town's affordable-housing stock and make it less vulnerable to developers with comprehensive permits.
HOUSTON-Gulf Winds International, a Houston-based logistics operation, preps for a move into 345,100 sf of industrial space near Hobby International Airport. The signing is one of the largest in recent months here.
LAS VEGAS-Significant new office development is pushing vacancy in the Las Vegas market and creating a windfall for office tenants as a result, says the latest Grubb & Ellis Co. report. Look for vacancy to spike to 12% to 14%, a far cry from recent years.
PHILADELPHIA-The private-label pet food maker will sell its Dublin, PA industrial facility. The transaction will be handled by Binswanger/CBB, who in addition recently won the agency on a 42,000-sf Texas office property.
WESTBOROUGH, MA-More space comes on the market here as PurchaseSoft, which develops software to enhance a company's purchasing process, plans to close its doors. The company had recently moved its headquarters here from Minneapolis.
SAN DIEGO-Area-wide occupancy levels for 2001 should finish out the year near 70%, with an average room rate of $111, a 3% decline in occupancy from 2000, according to Smith Travel Research.
PORTLAND-Officials with the electronics retailer aren't saying much, but it has hired brokers to find tenants to sublease nine of its 13 locations in Oregon and Washington, and may be doing so in other markets as well.
HOUSTON-A 17,000-sf, high-quality neighborhood center is ticketed for a two-acre buy in Harris County's northwest corner. The buyer gets the last tract in the Canyonlands area. Ground breaks in spring 2002 in anticipation of a late summer delivery.
VANCOUVER, WA-The City of Vancouver authorizes the acquisition of a former state patrol compound from the state Department of Transportation for $1.7 million, and plans to spend another $420,000 on renovations.
LONDON-Despite the economic downturn and market uncertainty following 11 September, the level of development activity in Mayfair and St James's has remained constant over the past six months, according to Drivers Jonas.