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NEW YORK CITY-The worst construction accident in years killed five construction workers and sent more than a dozen people to the hospital yesterday afternoon. The facade of a 20-story office building collapsed, knocking some workers seven stories to the ground and trapping others in a three-story tangle of brick and steel.
PORTLAND, OR-The national retailer, known for selling goods for $1 or less, will transload goods received from overseas into containers for domestic distribution. The firm may expand its distribution capabilities near the Port in the future.
ATLANTA-With so much product surfacing, property managers and owners are cutting rents and offering a mix of concessions to retain residents and attract new tenants, M/PF Research of Carrollton, TX finds in a new third-quarter analysis.
SEATTLE, WA-Third-quarter Downtown office vacancy measured 14.15%. However, new product coming on line since the first of the year is faring better with an average of 7.3% -- with several of those buildings fully occupied.
HOUSTON-RWE Trading Americas takes 24,625 sf at 4 Houston Center to open a US headquarters and its first US location. The deal brings another energy trader to Houston's trading floor and takes the office building to 97% occupancy.
DENVER-Colorado's limited stakes gambling casinos pay $6.9 million in gaming taxes on adjusted gross proceeds of $59.7 million in September. Revenues are down 1.7% from August in the wake of terrorist attacks.
BELFAST-A subsidiary of Allstate Insurance has set a new record rent for Belfast in taking 70,000 sf at Nine Lanyon Place, in the city's biggest office letting of the year.
SANTA CLARA, CA-Don Luca, a lead investor in companies such as Oracle and Cadence has donated $15 million to develop a new three-story, 82,000-sf business school for Santa Clara University.
NEW YORK CITY-A 1.5 million-sf mixed-use development will replace the five-story garage in Long Island City. The city's Economic Development Corporation expects construction to begin in fall 2002.
ORLANDO-Tallahassee staffers send the 10-year-old, controversial mixed-use venture in rural south Lake County back to local elected officials who last year refused to give the Orlando developers more time to break ground on the projected $1.2 billion, 20-year undertaking.