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DENVER-A 10% overall area office vacancy rate--it currently stands at 16%--is at least two years away, brokers for the company say. Some submarkets could see a 10% vacancy in as few as six months, others as long as 30 months.
CHARLOTTE-The locally based financial services firm will be expediting commercial mortgage loans through its newly created DealCentral platform for Banc of America Securities, GMAC Commercial Mortgage and Archon Financial. Terms of the deal weren't disclosed.
HOUSTON-An 81,822-sf building in southeast Houston has gone for less than $2 million in a deal between a Crow Family holding company and Austin-based Capital Commercial Investments. The 39-year-old warehouse is occupied by Continental Can.
LONDON-New research from Cluttons shows that prime office rents in London's Victoria District have started to fall reflecting falling demand and increasing supply.
ORLANDO-Manny Garcia, a high-profile Central Florida restaurateur who has never had a failing enterprise, will manage and operate the three retail ventures at the $30 million, mixed-use Thornton Park Central scheduled to open by fall.
LOS ANGELES-The services firm has been trying to build more market-share in San Diego and the Inland Empire -- two areas where it does not enjoy the dominance it has in Orange County, the Silicon Valley or Phoenix.
NEWPORT BEACH, CA-Lower interest rates and management's retiring of senior subordinated debt along with the repurchase of some preferred stock gives Impac Mortgage Holdings a healthy outlook for the future.
DENVER-One of the hottest concepts in dining is coming to Lone Tree, just south of the Park Meadows regional mall, as well as the Flatiron Marketplace near US 36 and 96th Ave. Darden Restaurants Inc. is committing to 19,000 sf.
AUSTIN-An Austin real estate veteran is on board as an industrial property manager at Trammell Crow while another seasoned professional has joined the Transwestern Commercial Services' San Antonio team as a vice president.
ST. PAUL, MN-The Catholic college based in Duluth now leases about 6,000 sf at 340 Cedar St. but plans to expand this fall with an addition of a first-floor office and conference room.