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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%.
AUSTIN-An 11,960-sf renewal in the CBD and a 14,400-sf suburban lease chip away at Austin's office space. Entergy Gulf States likes its proximity to the state capitol just fine since it has lobbyist business dealings.
SHELTON, CT-Local developer Cambridge Hanover is awaiting final approval from the town of Shelton to begin a $3 million renovation project on the 101,000-sf former Pitney Bowes office and assembly plant here.
PHOENIX-The Douglas Allred Co. has secured $11.4 million in financing for an industrial facility in the Southbank Business Park. Manulife Financial provided the loan in a deal structured by Houston-based L.J. Melody & Co.'s Phoenix office.
WASHINGTON, DC-The agency's national capital region will expand its efforts for public-private partnerships by working with several firms to provide leasing-related services.
AUSTIN-Littlefield Corp., which moved from bingo halls to real estate, says it's showing a profit unlike its $1.7-million loss posted for Q3 2000. The company president says it's the third consecutive gain. Shareholders learn more Friday in a conference call.
SAN ANTONIO-Fallas-Paredes of Gardena, CA gets a piece of the Texas market via US bankruptcy court, paying $1.6 million for 29 leases of the defunct Weiner's chain. A San Antonio realtor plays a key role in the Texas nod.
BOSTON-Fidelity Investments will take 80,000-sf of space in one of the buildings it is developing here in South Boston on the waterfront with local developer John Drew. The move comes as the financial services company looks to sublet 70,000-sf of space in the financial district.
DALLAS-In the high-stakes game of consulting, some make it and others don't. WorkPlaceUSA abandons an IT consulting arm of its WorkPlace Technologies. The division, says the COO, is going strong, but a consulting team of five has been let go.