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ORANGE COUNTY, CA-Recent research shows that vacancy rates are expanding in Orange County's multifamily market, widening from 2.7% in the second quarter of 2000 to 3.6% in the second quarter of 2001.
WASINGTON, DC-District officials and real estate firms Kaempfer Co. and Forest City come together to redevelop the Waterside Mall. The project is just one aspect of the city's efforts to revitalize its Waterfront area.
TACOMA, WA-The City Council here will vote tonight on a possible $3.1 million agreement with M.A. Mortenson and Company for building removal and site preparation for the Greater Tacoma Convention Center.
HOUSTON-Middle East Travel holds firm to a 4,122-sf office at Richmond Plaza I in Houston's Westchase submarket. The renewal keeps the 176,000-sf, class B property at 90% occupancy for building owner, BMS Management of New York City.
SOUTHFIELD, MI-Former vice president of retail division Randy Thomas takes the lead on recently-formed subsidiary. He will oversee Insite's "team services" concept for tenant representation and corporate services.
PORTLAND-The locally based building products company, which has cut 20% of its staff over the past 18 months, suspends is quarterly dividend and cancels a stock buyback program.
The Mortgage Bankers Association presents data indicating that without federal terrorism insurance, $26 billion in commercial real estate financings for the fourth quarter could be at stake. The association urges the government to develop a program addressing the problem as soon as possible.
NEW YORK CITY-The ever-changing face of Manhattan will add 16 million sf of new office space, almost all of it in Midtown from ongoing or planned projects. But most of this new space is already leased, offering little in the way of new supply to a tight market.
LA JOLLA, CA-Originally built in 1986, the 28,000-sf center has seven apartment units, ground-level retail space and service retail/office space on the second floor. In addition to Vons, tenants include several restaurants.<P>
SAN ANTONIO-A patio furniture retailer in San Antonio acquires two buildings, with an assessed value of $239,000, in the central submarket. The Backyard Store will relocate its showroom to the larger structure. The buildings have a combined 6,000 sf of office space.