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SEATTE-Following in the footsteps of retailers like Wal-Mart, the Bon Marche opens a big-box store in Helena, MT this week. The store is the first of its kind for the Bon, and it's Cincinnati-based parent company, Federated Department Stores.
NEW YORK CITY-New deals closed by the Manhattan-based firm include Wall Street office space for a securities specialist, new Madison Avenue headquarters for a risk management firm and Long Island industrial space for a window-treatment manufacturer.
ORANGE COUNTY, CA-A major contraction occurred in the county's manufacturing sector in third quarter 2001, according to recent research by Chapman University. As manufacturing activity has slowed, vacancy levels have risen in industrial properties throughout Orange County.
CHICAGO-Tenants across Central Business District submarkets willing to sign on the dotted line are finding cost-saving opportunities, building managers and leasing brokers report.
SAN DIEGO-The City Council this week unanimously passed a resolution supporting a cooperative agreement to begin stepped-up work on Vista Sorrento Parkway.
HOUSTON-Levcor, the developer of the 335,000-sf Centre at Bunker Hill, secures about $18.7 million in permanent financing through Atlanta-based ING Investment Management. Long-term leases with Costco and Lowe's shore up 20-year loan.
ORLANDO-The Atlanta-based home improvement retailer opened its 35th Expo Design Center today, an estimated $22 million property in affluent southwest Orlando where the Taubman-Forbes' 1.3 million-sf, $250 million Mall at Millenia is scheduled to open in fall 2002.
LA MESA, CA-An Idaho company has received a $16.7 million management contract to oversee a 5.9-mile extension of the Mission Valley East Trolley line. The Mission Valley East Line is an extension of the existing Mission Valley West Light Rail transit line.
CoStar Group Inc. will now provide Equity Office Properties Trust, the nation's largest publicly held office property owner, with real estate information in 18 different markets. CoStar's vast Internet database of market information places the company near the top the list of information service providers to the commercial real estate industry.
NEW YORK CITY-A pair of leases announced this week are more good news for Manhattan's retail market. A string of small to mid-size deals have closed without fanfare since September, while the real estate community has focused on the relocation of displaced World Trade Center office tenants.