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  • Leasing Continues at Brisk Pace

    DALLAS-Leasing activity in the past week is putting two new tenants into office space and two retailers prepping for store openings in the metroplex. Staubach has inked 48,562 sf while Weitzman brokers have closed 30,962 sf in leases.

  • Lucent to Cut 1,000 Jobs, May Eventually Consolidate Facilities

    NORTH ANDOVER, MA-Lucent Technologies, the New Jersey-based telecommunications company, plans to cut 1,000 jobs in this state. While the company intends to keep all facilities in this state open, some consolidation might eventually occur.

  • New Law Sets 10-Day Turnaround for Zoning Permits

    ATLANTIC CITY-In a showdown between builders, municipalities and environmentalists, Acting Gov. DiFrancesco came down on the side of the development community. More zoning battles could erupt even with the new law in place.

  • William Felton, Time Equities Acquire Eastside Properties

    BELLEVUE, WA-The two New York firms closed on two Eastside office buildings today for about $37 million. The acquisition is part of a $100 million, 11-property portfolio purchase from ASA Properties of Honolulu.

  • SC Economy Strong, Particularly in Charleston, Economist Says

    CHARLESTON, SC-A driving commercial real estate undertaking is the $1-billion Noisette Project which is revitalizing the old Navy base. Charleston is 206 miles south of Downtown Charlotte.

  • Local Grubb & Ellis Brokers Recognized Nationally

    WASHINGTON, DC-Grubb & Ellis names eight mid-Atlantic commercial real estate professionals among the top 25 in their respective specialties during the past year. The brokers work in offices here, in Virginia and in Maryland.

  • Fannie Mae Announces Early Redemptions

    WASHINGTON, DC-Fannie Mae has announced $130 million worth of early security redemptions later this month. The five securities carry interest rates ranging from 6% to 7.6%. They are slated for April 17 and 18.

  • Pizzuti Cos. Hire President from Jacobs Group

    CHICAGO-The Pizzuti Cos. will remain primarily an office and industrial real estate company even though they hired Thomas W. Henneberry as their new president and chief operating officer away from retail developer The Jacobs Group.

  • Triton Lands $5 Mil Order as Key Customer Files for Chapter 11

    ORLANDO-The locally based builder of radio systems that connect office tower communications systems through high-speed wireless rings expects first-quarter revenue to fall in the $7.5 million to $8.5 million range.

  • California's Biggest Utility Files for Bankruptcy

    LOS ANGELES-Pacific Gas & Electric seeks Chapter 11 protection, even after having 46% rate hike approved a week earlier. Move shocks state officials and leaves 13 million residential and commercial electricity users hoping for the best.