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ATLANTA-PFK Consulting Inc. projects the area's 80,000 rooms will remain at less than capacity through 2002 at a 60% occupancy before recovering in 2003 to 65% occupancy, generally considered by hoteliers as the break-even level.
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.
CHICAGO-A panel tells the National Association of Office and Industrial Properties conference that capital is available, but borrowers can expect to pony up more equity and face tougher underwriting.
CROTON-ON-HUDSON-Bethel, a not-for-profit senior services organization, reports it has embarked on a $5.5 million renovation of its retirement residence here that will eventually be renamed "The Springvale Inn.
ORLANDO-If Haskell Co. of Jacksonville, FL can't do a first-phase, 125,000-sf, 652-bed expansion for the budgeted $25 million and bring in the job in 12 months, elected officials say they will give the work to Centex-Rooney Construction Co. of Fort Lauderdale, FL, the county procurement staff's initial selection. The contract hasn't been signed.
FORT LAUDERDALE, FL-A proposal by Broward County Medical Center to construct 495,000-sf of new space awaits a planning and zoning review now that it has sailed through a development review committee.
LONDON-Office availability in central London grew by 50% in the third quarter of 2001, according to Healey & Baker's latest market survey. The vacancy rate rose to 4.1% from the previous quarter's 2.7%.
LONDON-Office availability in central London grew by 50% in the third quarter of 2001, according to Healey & Baker's latest market survey. The vacancy rate rose to 4.1% from the previous quarter's 2.7%.