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ORLANDO-A total 3,670 multifamily units were delivered in the first half versus 12,590 for all of 2,000, but tenants are filling the quarters quickly with a 93.6% occupancy among the area's 129,000 apartments, CB Richard Ellis Inc. research shows.
LOS ANGELES-The company, Funai Corp., will occupy 75,248 sf of industrial and office space inside ProLogis Park Torrance. Firm will relocate from Cerritos.
ATLANTA-Developer Sid Ransom is trying to revise conceptual plans for the 170-acre mixed-use venture spread over Cobb and Paulding counties on the north side of James Parkway.
FREMONT, CA-The $9 million, four-lane thoroughfare is being constructed as part of the transportation demand management program required of Catellus as part of its development of Pacific Commons, an 840-acre, mixed-use project.
ORLANDO-The largest timeshare company in the United States is leasing 95,000 sf for an estimated 10 years at the 187,000-sf Building 500 at GranPark at SouthPark in south Orlando. The estimated aggregate value of the lease is $19 million.
LOS ANGELES-Locally based HK Realty acquires 102 units in San Bernardino. Some brokers say rents in the area could rise 8% over the next 12 months, as the region's population continues to grow.
ANN ARBOR, MI-The REIT that invests in long-term net-leased restaurant and retail properties struggled this year until its July merger with Orlando-based with Commercial Net Lease Realty Inc.
IRVING, TX-FelCor shareholders were forewarned, but now it's fact: The REIT's Q3 RevPAR is down 17%. But, there's good news on the horizon. FelCor's occupancy is making a rebound and late 2002 could bring "substantial opportunities.
LONDON-London is still the number one location for business in Europe, according to the 2001 European Cities Monitor survey from Healey & Baker. Paris and Frankfurt also scored highly with international businesses.
CHESTERFIELD TOWNSHIP, MI-A vacant 80-acre parcel along 26 Mile Road is snapped up for a $55 million mixed-use development here, with automotive manufacturing companies expressing interest, a broker reports.