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HOUSTON-The latest office market report reflects a "stable and conservative environment" in Houston, with new supply and absorption just shades apart. Overall, rents are fairly flat, but CBD owners should heed concerns or face a suburban exit.
SANTA ANA, CA-The office building has been snatched up by private investors. Even as smaller office properties have been changing hands in recent weeks, the county is still flooded with available office product.
WORCESTER, MA-Local officials here and in other urban areas of the state are concerned that a new environmental justice policy being developed by the Massachusetts Executive Office of Environmental Affairs could impact development in their cities.
ST. PAUL, MN-Short Elliott Hendrickson hires Shane Gardner to head design technology at its St. Paul office and Michael Steuernagel as its GIS specialist at its Minneapolis office.
DENVER-Corum Real Estate Group has the land in the fledgling Ballpark neighborhood under contract and receives rezoning to allow for 200 to 250 luxury multifamily rental units, with 10% set aside for lower-income renters.
FT. WORTH-Concentra Health Services has inked a five-year deal for 11,600 sf of a 29,000-sf office building along Interstate 30 in Ft. Worth. The spot is being retrofitted for a November opening of the provider's 19th clinic in the Dallas-Ft. Worth region.
DENVER-PCL Construction Services Inc. of Denver; M.A. Mortenson Co. of Minneapolis; Hensel Phelps of Greeley, CO; and Turner Construction of Dallas are finalists for the $268-million expansion project.
SEATTLE-In an effort to jumpstart economic development in the South Park area, King County is negotiating to sell its one of the largest vacant parcels of industrial land left in South Seattle. The former landfill in the Duwamish industrial corridor has been mostly vacant since 1978.
LONDON-A survey just released by the Land Registry shows that the number of residential properties changing hands for seven figures is soaring. As the UK's hot spots become unaffordable for many, other parts of the country are starting to see rapid hikes in prices as supply dwindles.