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WESTFIELD, MA-Company CFO Bruce Garreau says subsidiary Osley & Whitney has been hobbled by foreign competition and will shut down operations immediately.
MIDLAND, MI-A think-tank commentator wants politicians to examine real data on the rate of development in Michigan, not assume a sky-is-falling approach. "The state is only 10% developed," Samuel Staley notes.
LOS ANGELES-The district's bid for the hotel, valued at more than $76.5 million, had been thrown into limbo by a higher offer from privately held Casden Properties. But bankruptcy judge now says the deal can move forward, after Casden can't hammer out other terms with the seller.
PHOENIX-The Downtown portion of the 14.1-million-sf CBD boasts a slightly lower vacancy rate as well as lower asking rents. Uptown, however, is the larger piece of the CBD submarket.
DENVER-In an about-face prompted by the economic slowdown, Mayor Wellington Webb now backs the $105-million Westin Hotel at Denver International Airport. The city will build and own the hotel.
MINNEAPOLIS-Overall office vacancy climbs to 12.7%, says a United Properties report. Rises continue in all submarkets, more so in Downtown and the Southwest suburbs, less so in the Northeast, Northwest and West submarkets.
LOS ANGELES-Marcus & Millichap says a slowing economy and a glut of new retail construction will push the county's vacancy rate higher in 2002 while keeping a lid on rents.
MINNEAPOLIS-Overall office vacancy climbs to 12.7%, says a United Properties report. Rises continue in all submarkets, more so in Downtown and the Southwest suburbs, less so in the Northeast, Northwest and West submarkets.
GLENDALE, AZ-Coolidge Casa Diane Equities LLC of White Plains, NY gets $25,590 per unit for the property it has owned for four years. The complex will have another out-of-state owner, a Nevada-based corporation.