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BELLEVUE, WA-In Bellevue alone, the company's slice of the pie is now estimated at 60%. It may be a few years, however, before the effects of its dominance of the market are fully realized.
BOSTON-The vision of a new home for the Red Sox right next to their old one in the Fenway seems to be fading. In its place, the waterfront district is becoming a distinct possibility.
BOULDER, CO-Prolilgo/Degussa, a biotechnology company, has leased 48,962 in two buildings in Boulder. The company will invest between $250 per sf to $300 per sf to build a high-end laboratory in the already finished space.
LONDON-Europe faces a massive oversupply of cinema screens according to a new survey from FPD Savills. In almost every market new screens are being developed faster than cinema admissions are rising.
SAN FRANCISCO, CA-ChainLinks Retail Advisors Inc., a wholly owned subsidiary of locally based BT Commercial Real Estate, has launched Terranomics Retail Services, a brokerage focused on strip mall sand stand-alone retail sites.
GROTON, CT-The $47-million Mystic Marriott Hotel and Spa opened for business amid much fanfare, including an appearance by Connecticut Governor John G. Rowland. The complex is located at 625 North Road (Route 117) in Groton.
HUNTINGTON BEACH, CA-The seller, who originally paid $7.2 million for the 200-unit complex, has sold the property for $10.4 million. The Inland Empire has been named one of the top 10 tightest multifamily markets in the nation.
AUSTIN-McShane Corp. has rethought its delivery strategy of building projects in light of Austin's sublease space glut. Work has halted at Riata Gateway while two Braker Pointe projects will now have staggered deliveries.
LONDON-The Royal Institution of Chartered Surveyors convened its new international governing council including representatives from Australia, Kenya, the USA, Greece, Sri Lanka, Hong Kong and the Republic of Ireland.