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SAN DIEGO-One of the world's largest hotel chains has proposed a 500-room hotel on Mission Bay near SeaWorld. These latest plans for Quivera Basin will be considered by city officials in September.
RANCHO CORDOVA, CA-The company has occupied a 77,000 sf building in the Capital Center Business Park since last month and have been looking to expand in the area. Rents in the area go for about $1.65 per sf, monthly, full service.
FORT LAUDERDALE, FL-The locally based developer-operator of extended stay lodging properties reports a 3.1% decrease in second-quarter revenue per available room and a 5% drop in occupancy.
AUSTIN-The state capital's sublease market is taking a rest, says a regular market tracker in his latest report. A 2,000-sf decline is certainly not an indication that Austin's office market, which boasts about 2.9 million sf of sublease space, has stabilized.
LONDON-Icon has leased a 30,000 sf office building at Development Securities' Globeside business park in Marlow, Buckinghamshire. The deal follows the recent letting of a switch centre to BT Cellnet.
PHOENIX-Opus West plans a September closing on 10 acres, with an equally sized, abutting parcel under contract to seed a 250,000-sf office project. Opus Cotton Center should break ground in October and deliver 118,000 sf in the first phase by May 2002.
VASHON ISLAND, WA-Nearly 200 jobs will be eliminated as the ski manufacturing business relocates to Guangzhou, in the southeast corner of China. Company officials say the move is necessary to remain competitive in the industry.
COLORADO SPRINGS, CO-The developer will design and build a $5.8-million, 33,600-sf building for Mitre Corp., a not-for-profit corporation that serves the Department of the Defense, Federal Aviation Administration and Internal Revenue Service/Department of the Treasury.
PHOENIX-The 182-unit Eucalyptus Village in the city's northwest corridor has baited a $5.15-million sale between private investors from California. Buyer Terrance Barry is planning to rename the complex, located in one of the area's primary industrial sectors.
LONDON-Building materials supplier RMC has taken the final space in Teesland's Camden House office development in Stockton-On-Tees. The letting clears the way for a start on a second speculative phase.