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SEATTLE, WA-Though the area is wading through muddy economic conditions, a new research report expects the health of Seattle's retail sector to remain goodbuoyed by slowing development, low vacancy numbers and dropping interest rates that continue to support investment.
CHICAGO-The Shiodome Business District will get a third hotel property, a 495-room hotel on the top 15 floors of the 38-story mixed-use building being developed by Kajima Shiodome Kaihatsu.
AUSTIN-Austin Community College is dickering to buy a closed Albertsons in south Austin. The plan is to open a campus on the 5.6-acre site and redo the store's interior into classrooms. The college's six campuses right now are stretched to the max.
COVINA, CA-The firm, previously owned by General Electric, takes 22,557 sf of office and flex space here at Covina Technology Center. Deal pushes the development's occupancy rate above 80%.
SEATTLE-Properties expected to be included in the sale are Fisher Business Center (Lynnwood, WA), West Lake Union Center (Seattle), Fisher Industrial Park (Kent, WA), Fisher Commerce Center (Kent, WA), and Fisher Industrial Technology Center (Auburn, WA).
LONDON-Traditional agency fee structures are considered inflexible, inefficient and outdated by corporate real estate managers. That's the conclusion of research collated from the Property Forum, held last month.
ATLANTA-With a $33.5 million bid, Empire won out over 25 competitors for the 21-year-old, 608-unit, 90%-leased Northridge Lake Apartments in suburban Dunwoody/Sandy Springs.
HOUSTON-A disposition, now in its fourth year, unloads a 19,420-sf building for Farmers New World Life Insurance of Los Angeles. To date, about 530,000 sf has been sold of office, retail and industrial structures. The property was advertised at $810,000.
PORTLAND-A new restaurant is in the works for the 30th floor, PSC Inc. recently moved its headquarters from New York to the 41st floor and Morgan Carter + Young has taken space on the 26th floor.