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WASHINGTON, DC-In its quarterly survey, the National Multi Housing Council blames slowing economic conditions for a loosening in apartment markets nationwide, versus placing the blame squarely on fallout from the September 11 terrorist attacks.
HANOVER TWP, NJ-All of the new construction approved and set to occur at Eden Wood Realty's River Park Business Campus will be done on a build-to-suit basis.
SEATTLE, WA-Martin Selig has been a prominent local developer for decades, amassing more than 3 million sf of commercial properties. Now, the rumor mill is churning furiously that Selig is bowing out and selling.
DENVER-The story's the same in Denver as elsewhere when it comes to the office market. Vacancy overall jumped 3.6% to 18%, but the northwest submarket gets hit the hardest, spiking from 4% to 34.7%.
CAMBRIDGE, MA-After an 18-month moratorium on development in the eastern part of the city, a new zoning ordinance has gone into effect. The new plan is designed to encourage residential development, especially in the North Point section.
AUSTIN-Multifamily owners in Austin are gripping tight to their properties and refinancing rather than sell at bargain-basement rates due to declining occupancies. Class A prices are falling, rent is flat and occupancy is down to 94.1%, say the experts.
AUSTIN-The Federal Home Loan Bank of Atlanta targets a 68-unit complex in Austin for a $350,000 grant for a lease-purchase affordable housing program. Getting a $180,000 award is a 15-unit Habitat for Humanity undertaking in College Station.
NEWPORT BEACH, CA-The precious-metals dealer signs $4.5-million renewal for 45,000 sf at Koll Center Newport. The complex has been its home for nearly 30 years.
ORANGE COUNTY, CA-The increase over the past nine months is ahead of inflation, a new report says, but not as large as rent hikes in neighboring LA and San Diego. Rents plunge 13% in San Jose and 8% in San Francisco.
LONDON-Distribution group Securicor Omega Express has taken the largest of the three units at Chancerygate's Europa 3 development in Chessington, Surrey.