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SAN ANTONIO-Northwoods Shopping Center in the city's north central submarket has signed Famous Footwear to a 10,000-sf spot. The discount footwear retailer will open its doors in a 115,000-sf third phase that is under construction.
CORAL GABLES, FL-The locally based bank holding company also reports a 14.5% increase in its commercial real estate loan portfolio through the nine months ended June 30.
NEW YORK CITY-The New York City Residential Mortgage Insurance Corp., which insures first mortgages to promote affordable housing, received the rating, in part, because of its strong underwriting performance, low risk leverage ratio and geographic concentration.
NEWARK-The Public Service Enterprise Group subsidiary plans to build or expand several power plants in the Garden State, grow its Northeast grid, and phase out several obsolete plants.
ATLANTA-Locally based OA Development Co. is rushing to complete a 96,000-sf, spec business/distribution center targeted at air freight forwarders and distribution firms being displaced the airport's fifth runway.
HOUSTON-Newfield Exploration Co. has come a long way in the past decade since it struck its first lease at 363 North Belt, a Lend Lease property. The Houston-based firm has renewed its 81,307-sf spot and added 12,100 sf in a long-term pact.
DENVER-Chris Ball, a Fuller and Co. broker, tells GlobeSt.com he expects the vacancy rate to approach 40% within 30 days, and maybe 50% before the office market in the corridor between Denver and Boulder starts to recover.
LONDON-Jones Lang LaSalle has mounted a spirited defence of the Central London office market, pointing out that demand is still higher than it was a year ago. Rents in the City district have risen by 9% so far this year.
PHOENIX-The slowing economy has finally hit the retail market, where vacancy is up a full percentage point from last year at this time. The 6.1% rate comes with negative absorption in four of nine submarkets, according to Grubb & Ellis' latest Arizona report.
IRVINE, CA-Marcus & Millichap's Apartment Research Report notes that rents will continue to increase because of increased demand as population and jobs continue to grow, and units under construction are insufficient to meet demand.