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CHICAGO-A panel of buy-side and sell-side experts tell National Association of Real Estate Investment Trust's annual convention economic recovery is at least a year off, but REIT shares should fare well.
LONDON-A record amount of space is currently under offer in central London, and Jones Lang LaSalle takes this as an indication of the underlying strength of the central London office market.
CONCORD, CA-Colliers International wins the leasing contract for the Metroplex Office Centre, which will consist of class A twin buildings beginning in 2003, when competition is expected to be thin.
LOS ANGELES-Gov. Gray Davis must decide whether to approve measure to raise pay for construction workers on affordable-housing projects. Two of his biggest constituencies-labor unions and housing advocates-are at odds over the proposal.
SEATTLE, WA-Seattle's local chapter of the nationwide organization of Commercial Real Estate Women elects of officers and its board of directors for 2002. It also will change its name effective with the coming year.
DENVER-The Chicago-based REIT pays less than $40 per sf for space at the Denver Business Center and the Stapleton Industrial Center. First Industrial Realty Trust Inc. now has 5.1 million sf of space in the Denver market.
CYPRESS, CA-Aerospace giant Boeing Co. secures 112,000 sf in a lease that industry sources say is valued at nearly $3.4 million. By month's end, three operations in Long Beach and Huntington Beach will be consolidated into the Valley View Street location.
DAYTONA BEACH, FL-The southeast regional office of Anaheim, CA-based Fremont Investment & Loan Co. is providing the funding for Bray & Gillespie III, local owners of the 76-year-old, 323-room oceanfront hotel. Daytona Beach is 50 miles north of Downtown Orlando.
PORTLAND, OR-New figures show an increase in participation by emerging and minority-owned businesses in the city's construction projects in through 2001. The volume nearly doubled over previous figures.