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VENTURA, CA-The nationwide chain of copying and business-supply centers rejects incentives offered by local officials to stay. The move is expected to cost California more than 500 jobs.
ISSAQUAH, WA-Microsoft would like to build a campus in the master-planned community of the Issaquah Highlands. Port Blakely Communities, the Highlands' developer, is working to solve the city's water permit issues. The sticking point now is the lack of a DOT permit.
HOUSTON-Office and industrial leases totaling 14,918 sf get final signatures. The largest pact tallies 7,217 sf and puts an energy-related firm into a Northwest Freeway office building. The lone industrial tenant heads to the southwest submarket.
HOUSTON-Unlike 22 other leading hotel markets, Houston is staying ahead of the game, says a CB Richard Ellis lodging specialist. Other industry watchers concur. Occupancy is up from 2000 and so is the daily room rate.
SAN DIEGO-The sale of apartment and condominium projects in Lakeside and Fallbrook -- the eastern and northern fringes of San Diego County -- reflect the continued strong demand for multifamily product.
PORTLAND-Larry Schwartz will manage all daily bank operations and customer relations and accept consumer and commercial loans and deposits. Schwartz was most recently a manager with Key Bank.
LONDON- New research shows that rents for houses and flats in the capital grew by less than 1% in the last quarter, showing the lowest annual growth for two years.
AUSTIN-Build-out is under way on a 13,349-sf flex spot leased by ISE Labs of Santa Clara, CA. The tenant, which also has an Austin sales office, is setting up a test facility in Building 5 of the Domain in the city's north submarket.
STAFFORD, TX-Electronics service provider, Alpha Circuits, secures an industrial building tailored for its expansion plan. In a dual-pronged lease, the Stafford company is moving into 37,343 sf and has optioned the balance of the building.