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SEATTLE, WA-It is an odd combination of numbers and forces. Properties and investors are both on the prowl. Financing is available--and cheap. But transactions are few and some predict deal flow to drop.
DURHAM,.OR-Bruce Wood, senior director for Opus Northwest, tells GlobeSt.com he hopes to wrap up negotiations with Washington County for the 29-acre pit by mid January and this spring begin a year's worth of site work before developing 875,000-sf of retail and office space.
LONDON-Rental values in almost every sector are likely to fall in the coming 12 months, warns agent Cluttons, but the worst could be over by this time next year.
LONDON-Rental values in almost every sector are likely to fall in the coming 12 months, warns agent Cluttons, but the worst could be over by this time next year.
PHOENIX-The city's "national presence" makes the office market more susceptible to effects of the recession, notes Grubb & Ellis, which predicts a 16.4% vacancy rate by the end of the year.
OAKLAND, CA-The Oakland A's is considering new stadium sites throughout Oakland and Alameda County, after negotiations with Santa Clara County fell through. The baseball team also needs a new first baseman now that MVP Jason Giambi is a New York Yankee.
OVERLAND PARK, KS-The commercial real estate loan serving company will lease 133,000 sf of office space at the suburban office campus beginning in July, moving from 210 W. 10th St. in Kansas City.
FULLERTON, CA-Malloy Family Partners scoops up the 25,265-sf building in a $2.4-million deal. The acquisition follows on the heels of the $8.5-million sale of Fullerton's Commonwealth Industrial Park.
SEATTLE-Metropolitan King County Council members this week passed a measure designed to encourage and aid in the creation of affordable housing in King County. The council revised the maximum credit authority of the county's credit enhancement program.
ALBUQUERQUE, NM-With space scarce and sales brisk in a market fueled by Sandia National Labs, developers are responding with 360,000 sf of new construction, according to a report by Grubb & Ellis.