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LONDON-Availability of Central London offices rose for the third consecutive quarter during the three months to September 2001, according to CB Hillier Parker. The Central London vacancy rate now stands at 4.1%.
ORLANDO-Egerton van den Berg, a former Orange County commissioner, one-time airport authority member and one of the area's foremost lawyers, says the public should have been told in advance of the expected amenities that were not in the $750 million budget for the fifth-phase, 972,000-sf expansion.
SAN DIEGO-The maker of health care products has signed a 71-month lease for 18,468 square feet of office space at the Sorrento Heights Corporate Center in the city's still-hot Sorrento Mesa area.
DALLAS-Sublease space is about double the norm, say researchers in their latest reports of the Dallas-Ft. Worth market. Still, there's a take-it-on-the-chin optimism that bargaining table strategies, for the most part, are keeping a lid on the pressure cooker.
HOUSTON-Hosting the 2012 Summer Olympics means short-term highs of $500 million of new construction, $1.2 billion for the hospitality sector and $4.3 billion overall. The long term is Houston, if selected, would emerge more of a destination location.
GREATER BOSTON-A third quarter report indicates that while vacancy rates have gone up, a good deal of that is due to sublease space. A local industry expert insists that this is an indication that while the economy is suffering, the commercial real estate market here is fundamentally healthy.
PHOENIX-The Phoenix region's retail market is holding its own in tough times. Vacancy is up just a shade, says CB Richard Ellis in a Q3 analysis. Two regional malls opened with occupancies above 90%. Even 60 shuttered store were quickly snatched up.
PORTLAND, OR-The new land-use ordinances would allow preexisting commercial and industrial uses to be grandfathered in, with square-footage limitations set for new uses in an effort to avoid large scale development.
DEER PARK, NY- EDO Corp. wants to sell its 725,000-sf property here and lease back half of the facility, maintaining its presence on Long Island. The company is committed to staying at the site where 650 employees work.
DENVER-Developers pulled permits for 976 multifamily units in August, down less than 2% from August 2000. However, permits pulled through the first eight months of 2001 represent a 6.7% increase over the same period last year.