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SEATTLE-Average rental rates for class A office space here have slipped 22% in the first six months of 2001, according to a new study by Oncor International.
ATLANTIC CITY-A $113 million hotel expansion is already underway at the property, and now the Atlantic City planning board has given the green light for even more.
DALLAS-A class A, affordable housing project in Denton clears for a $12.6-million construction loan. Borrower Western Properties Development of Frisco, TX has taken a 40-year term deal with 7.09% interest to advance its latest project.
DENVER-Tenants needs are changing in the northwest corridor. The latest report puts the open space at 32.5%. A year ago, high-tech tenants sought 30,000 sf to 50,000 sf. Today they're looking for 10,000 sf to 20,000 sf.
LONDON-FPD Savills finds that 800,000 people face very limited household choices. A government commission reports that 43,000 extra homes will be needed every year for the next decade to alleviate the housing shortage.
TRACY, CA-Edgewood Corporate Center is a 250,000-sf, class A development that will be developed in three phases. The first, scheduled for completion later this year, is a single-story, 40,000-sf building near the Altamont Commuter Express train station at 4600 S. Tracy Blvd.
SEATTLE-Average rental rates for class A office space here have slipped 22% in the first six months of 2001, according to a new study by Oncor International.
DENVER-The developer of Albuquerque's Sprint Spectrum Call Center has secured an $8.8-million loan for the single-story, 95,000-sf operation. Minneapolis-based NorthMarq's Denver office has arranged the financing package.
PORTLAND-Portland's City Council is endorsing a plan to shrink Southwest Naito Parkway to two lanes, remove several Westside Ross Island bridge ramps and thereby open up several parcels for new development.
SANFORD, FL-Kenneth Armstrong, recruited from the Ormond Beach, FL Housing Authority, told HUD officials he couldn't accept their three-month contract at $66,000 per year after the local housing agency had promised a six-month term. Sanford is 30 miles north of Downtown Orlando.