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ORLANDO-The creditworthiness of a telecom tenant placing equipment atop an office tower sounds like an easy revenue generator but pitfalls are present without an ironclad lease, Trammell Crow Co. senior office broker Jason Kaiser tells GlobeSt.com.
KNOXVILLE, TN--The 11-year-old, locally based theater chain's Oct. 11 filing for protection from creditors in Nashville will leave the nation's largest movie exhibitor with 325 theaters and 3,700 screens, down from 4,361 screens at 396 locations in 32 states Regal Cinemas Inc. had once operated.
BOSTON-As the overall office vacancy rate continues to rise, two more local companies close their doors. Edelman Public Relations shutters its Boston office while Aztec Technology Partners of Braintree, MA ceased operations.
OSHKOSH, WI-The bank will add a $5-million, 68,000-sf loan operation at the City Center site, helping Downtown redevelopment efforts. Firstar Bank will keep its 80,000-sf processing center at 1850 Osborn Ave.
DENVER-Hotel occupancies fall to the 50% to 55% range, according to Horwath Horizon Hospitality Advisors/Montgomery & Associates, the lowest since 1989. Normal September occupancy has been more than 70%.
SPOKANE, WA-Before Sept. 11, the 512,000-sf Riverside Centre was scheduled to break ground this coming spring. Now the tower's leasing agent is waiting to see if tenants will shake out of their wait-and-see stances.
LIVERPOOL- Developers have put forward a plan to build more than 50,000 sf of offices as part of the regeneration of a former airport site in depressed south Liverpool.
PHOENIX-Only four submarkets post positive net absorption, with the balance being in such bad shape that industrial vacancy spiked 1 1/2 points in the third quarter. It's ugly, says a Grubb & Ellis broker after seeing the firm's latest market analysis.
LONDON-Domino's Pizza has retained King Sturge to find 270 new UK stores over the next five years. This will more than double the size of the UK portfolio, strengthening the chain's already-dominant position.