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LOS ANGELES-New Census Bureau report says the percentage of renters here is climbing, bucking the nationwide trend. The study suggests the area could remain a hot market for multifamily investments for years to come.
AUSTIN-A popular grocer uses the Austin area to test a concept blending for Central Market and traditional stores. H-E-B's 90,000-sf venue wouldn't work in every town. The Austin store is the third opening in recent weeks. By month's end, two open in Houston.
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.
PORTLAND-Coming off an extremely active 18 months of development and leasing activity, sub-anchor tenant space under 20,000 sf will continue to be a challenge to lease as owners entertain more requests for concessions on rents and associated expenses, says John Reinhold, National Retail Properties.
ROCKVILLE, MA-Computerized full-body scanning firm Virtual Physical opens a second office due to demand for the company's disease-detecting procedure. The new 3,200-sf location is adjacent to Rockville's White Flint Mall.
CHICAGO-Dempsey J. Travis and Elzie L. Higginbottom head South Side real estate companies. However, they are companies they built themselves, and they may outnumber minorities in executive suites at brokerages here.
HOPKINTON, MA-E.L. Harvey & Sons, one of the states largest commercial trash haulers is in the process of planning a $2 million dollar facility expansion with an approximate $6 million in equipment for the new facility.
LAS VEGAS-In addition to an 8.3% vacancy rate, three months free rent is now common on five-year leases, with some tenants winning five months. That's up from the usual one or two months.
MEMPHIS, TN- The Fitch rating is on the county's $157.75 million 2001 Series A general obligation refunding bonds which are being used to retire short-term bond anticipation notes and commercial paper issued in 1999 and 2000.