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BELLEVUE, WA-Cushman & Wakefield says the vacancy rate in the CBD here has nearly doubled since the end of the second quarter. Rent rates are dropping in response. But a C&W broker says the market may have hit a plateau.
TROY, MI-This affluent Detroit suburb would pay $230,000 to turn more than 6 acres into park land, connecting it to other parks in the area. The purchase would be financed through bond proceeds.
ORLANDO-Dallas-Ft. Worth, Orlando and Tampa are a few of the markets moving lower-priced apartment assets, while Chicago remains a hot sector for class A properties, brokers, investors and analysts tell GlobeSt.com.
LONDON-The UK's booming market for houses and apartments is starting its slide into oblivion, according to mortgage bank Alliance & Leicester. Housebuyers are becoming increasingly nervous about taking on new commitments.
TRENTON, NJ-The Garden State's lead business development agency has hooked up with publisher Yale Robbins to list current office space availabilities on its Web site.
LONDON-The UK's booming market for houses and apartments is starting its slide into oblivion, according to mortgage bank Alliance & Leicester. Housebuyers are becoming increasingly nervous about taking on new commitments.
STAMFORD, CT-The after effects of a prolonged "summer doldrums" as well as the impact of the Sept. 11 terrorist attacks have caused office availability rates to rise in Westchester and Fairfield counties, according to brokerage firm Insignia/ESG.
NEW YORK CITY-Ernst & Young's Hospitality Services Group has revised its US 2001 lodging industry forecast from 3.7% positive growth to negative 5.7% and occupancy rates are predicted to fall from an already-low 63.7% to 60.5%.
HOUSTON-WestHy Ltd. has secured a 15-year loan from Bloomington, IL-based State Farm Investments. The borrower uses a ground lease for the 78,000-sf H-E-B Central market to secure the financing package.
LONDON-Hammerson has sold the 320,000-sf Queensmere shopping centre in Slough, Berkshire to an unnamed provate investor. The proceeds will be reinvested in Hammerson's new developments in Birmingham, Bristol and Sheffield.