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PORTLAND-As expected, Grubb & Ellis' third quarter report shows overall vacancies jumped more than one full point in the third quarter as the market continues to regress in concert with the local and national economies.
SAN DIEGO-In announcing its top five producers for the first half of 2001, one of the city's leading commercial brokerages reported a 4% jump in sales and leasing revenue in the first six months compared to the same period last year.
SAN DIEGO-In announcing its top five producers for the first half of 2001, one of the city's leading commercial brokerages reported a 4% jump in sales and leasing revenue in the first six months compared to the same period last year.
BRANCHBURG, NJ-Branchburg II, targeting office/warehouse and high-tech users, will be the second facility at Murray Corporate Center in this Somerset County community.
DALLAS-Using Starwood as its model, La Quinta will restructure into a C Corp and REIT subsidiary. If it's not done, the REIT status will be stripped away in a year to 18 months, La Quinta's management team claims.
ATLANTA-The 20-story, 560,000-sf tower in the affluent Buckhead district of Downtown is the first of four office structures totaling 1.5 million sf being developed by Toronto-based TrizecHahn Corp. in a $100 million urban setting that will also comprise a residential component.
OLYMPIA, WA-In an effort to meet legislator demands and cut administrative costs by $3 million, the state Department of Social and Health Services plans to close offices where leases are slated to expire soon and consolidate offices where caseloads have dwindled.
NEW YORK CITY-The Durst Organization is pre-leasing 275,000 sf of Midtown office space currently being renovated as part of a $15-million upgrade at the 900,000-sf Sports Illustrated building.