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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%.
SANDPOINT, ID-Multifamily development is part of the resort makeover, and sales of the first two projects have been brisk. Looking ahead to the other eight or nine projects, Harbor Mountain LLC is optimistic but uncertain.
SAUSALITO, CA-A new group of proposals have been presented for a conference center at Fort Baker. The new plans are designed to appease traffic and environmental concerns in the wake of a federal lawsuit.
HOUSTON-A Houston family trust goes on a search for a new site to lease and instead becomes a buyer. The trust's acquisition is a 35,342-sf industrial building in Bellair. Half will be used for corporate offices and the balance leased.
BOSTON-The fate of Starwood Hotels & Resorts Worldwide Inc.'s involvement with the development of a headquarters hotel here hangs in the balance. The hotel, which would abut the convention center being developed in south Boston on the waterfront, is considered crucial to the center's success.
HUNTINGTON BEACH, CA-Investment group Jeff Grand Partners acquires two industrial facilities, which are located at Lorge Circle. Industrial sales in this region continue at a steady pace, as supply is limited and interest rates are low.
NEW YORK CITY-An international law firm is moving its local offices from one of the city's most notable Park Avenue skyscrapers to larger quarters less than a block away. But the attorney's aren't packing their briefs yet; they won't occupy the new space until July 2002.
DETROIT-About 900 acres of city-owned former prison land in Northville and Plymouth townships, worth $31.5 million according to one recent appraisal, could help keep Motor City's head above water in 2001-02.