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DALLAS-That's what leading brokers in the Dallas-Ft. Worth metroplex are saying. In a GlobeSt.com query, some say yes, some say maybe, but no one says no. The play, whomever the players, is set to close next week.
LOS ANGELES-The studio lighting firm acquires the 34,000-sf industrial building from a Long Beach-based development company. It is the third industrial deal reported in the area this week.
CHICAGO-The hospitality industry was hammered by the Sept. 11 terrorist attacks, while it's business as usual, albeit in a recession, for industrial operators. That's part of the sector report turned in at NAREIT's annual convention.
REDMOND, WA-Microsoft says it will now hold 250,000 sf of Eastside space previously slated for sublease. Also, there are conflicting signs the company may be taking steps to move forward with constructing an additional 2.95 million sf.
CHICAGO-Rents at some of Horizon Group Properties, Inc.'s factory outlet centers fall short of October mortgage payments to two lenders, prompting the REIT to ask them to restructure loans totaling $45.5 million.
SAN DIEGO-The current economy aside, job expansion over the next two decades may put the local area and city planners in a squeeze, says a newly issued report.
FORT LAUDERDALE, FL-A new Reis Reports Inc. market survey finds asking rents are averaging $6.37 per sf, with effective rents reaching $6.21 per sf. In Miami-Dade, the estimated average asking rent is $5.59 per sf with effective rent at $5.47 per sf.
FORT LAUDERDALE, FL-Work is about to begin on a 400-unit multifamily tower at a 10-acre Downtown development site. Planning has started on an accompanying 260-unit phase-three building.
SAN DIEGO-Calling current conditions a meltdown, one tenant rep warns the business community to prepare for matters to get worse before they get better.
BOSTON-A number of powerful local politicians endorse Frank McCourt's plan to build a ballpark for the Boston Red Sox on part of his 25-acre swath of parking lots in South Boston. McCourt is currently bidding to purchase a controlling stake in the team.