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LOS ANGELES-The 400,000-sf Montgomery Plaza in Albuquerque, NM was listed with the local Cushman & Wakefield office. It was built in 1972, when the city's population was just a fraction of what it is now.
BURLINGTON, MA-The developer snares approval from the Northborough, MA zoning board to begin construction of the first phase of an office and R&D complex along the Northborough-Marlborough border.
DENVER-The median price of a condominium has remained unchanged in the past year, "not bad for a 'collapsing market'," agent Jerry McGuire tells GlobeSt.com. That can be read as a sign of stability for the commercial market, brokers say.
LONDON-UK consumer spending has remained buoyant following the 11 September terrorist attacks, and according to Knight Frank this should mean a stable retail real estate market despite economic pressures.
SAN ANTONIO-The city's tourism industry, the second-biggest business here, is trying to generate traffic, which has been decimated by the Sept. 11 terrorist attacks on the US. Hotels and tourist attractions offer specials.
SEATTLE, WA-Despite claims that the urban market here is oversupplied, Simpson Housing says the Queen Ann area lacks sufficient luxury apartments, and that it will break ground next spring on 222 high-end units over 19,000 sf of retail.
WOODBRIDGE, NJ-Newmark JGT analysis indicates that the market is still a little flat, but the WTC disaster led to some absorption, and pharmaceuticals are offsetting telecom's woes.
DALLAS-More than $6.5 million has been lined up to cover rehabilitation costs at the 230-unit Cantera Crossing in Dallas. The FHA loan carries a 26-year amortization at 6.75% interest, with payments to start upon the work's completion.
ORLANDO-Small real estate loans and other business transactions are being handled by the federal agency's Jacksonville, FL and Miami offices until a replacement can be found for Victor Irizarry. Walter Wallace, a federal contracts specialist, continues to assist small businessmen at the Naval Air Warfare Center Training Systems Division.