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PHOENIX-The region's industrial market takes a significant hit, posting a 9.1% vacancy and up from 6.6% just a few months ago. The red flag's up although a three-quarter losing streak could end this quarter, says a C&W director.
SYRACUSE, NY-Retail developer The Pyramid Companies reports it plans to expand its existing Carousel Center mall here by four million sf and create a $1.3 billion tourist attraction called "DestiNY USA.
BIRMINGHAM-Whitehaven in Cumbria won the overall BCSC Town Centre Environment Award, at the British Council of Shopping Centres convention in Birmingham today.
DENVER-Rather than building up to 1.2 million sf of office space for Janus Capital Corp., plans for the former 35-acre Air Force base are downscaled to 600,000 sf. The first phase of two, 90,000-sf buildings will begin once 50% pre-leasing is achieved.
SAN JUAN CAPISTRANO, CA-Burke Calle Perfecto LLP snatches up the two buildings, which encompass a total of 52,677 sf. The facilities are 100% occupied by five tenants.
LOS ANGELES-The complicated bankruptcy sale of the Pasadena Playhouse will allow a private family trust to convert a tower on the site into loft apartments but also permit live theater productions to continue.
MINNEAPOLIS-As efforts by Major League Baseball to eliminate two teams imperils the Twins, the public agency counters progress is being made on a new ballpark and that baseball has yet to reform its economic structure.
GREATER BOSTON-The Massachusetts Lodging Association meets for a second time this year to revise its hotel occupancy and room rates. The group normally meets annually in July but the recent terror attacks significantly impacted the group's forecasted numbers.
RICHMOND, CA-The firm, a major division of Fortune 500 company Parker Hannifin, manufactures valves and regulators used to produce semiconductors, paid $408,000 for the property.
MINNEAPOLIS-The $8.9-million renovation of the 40,000-sf Pantages Theatre and Stimson Building will be a "major addition" to the entertainment district, says Mayor Sharon Sayles Belton. The theatre is scheduled to reopen in a year.