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OAKLAND, CA-"We expect that tenants will enjoy a negotiating advantage through much of next year," says Keith Mackenzie, senior vice president and managing director for the Oakland office of Grubb & Ellis, in a new third quarter report.
LONDON-The Tote, the state-run betting organisation, is looking to capitalise on Britain's gambling boom by opening 130 new high street betting shops over the next three years.
NEW YORK CITY-The State of New York's Office of the Court of Claims is moving into permanent Downtown space, a law firm expands its Penn Station-area offices and a chemical company relocates to the same neighborhood.
OCEANSIDE, CA-Plans for a 400-room beachside resort still face scrutiny by the state coastal commission as well as a tough hotel financing environment. Funding large hotel projects, already difficult, became nearly impossible after Sept. 11.
AUSTIN-New markets and new product will launch in 2002 for Austin-based Whole Foods Markets. Fifteen to 20 stores will open, most likely in a larger version than the current 35,000-sf model, in a rollout that calls for six new cities, including Toronto.
LANSDOWNE, VA-Xerox Realty Corporation exchanges 37 acres of land for $9.25 in a transaction with Inova Health Care Services. Inova will set up shop on the property, which is part of a 2,300-acre medical and biotech facility development.
DENVER-Horwath Horizon Advisors/Montgomery & Associates tells GlobeSt.com occupancy at Denver area hotels fell to 54.8% in September, and indications are October will see an uptick only to 58%.
ST. PAUL, MN-The 63,000-sf project is the first in the Great Northern Business Center being developed by the St. Paul Port Authority. Occupancy is expected early next year.
PHOENIX-The Mack Co.'s architect is redesigning the product for a first quarter 2002 ground-breaking on 11 1/2 acres of a 31-acre tract in Deer Valley. The economy and abundance of flex space now has Mack leaning toward pure industrial.