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MIAMI-New second-quarter estimates show little appreciable change in industrial-warehouse markets in Broward and Miami-Dade counties over the first quarter this year, although Palm Beach County appears a little softer.
SAN FRANCISCO-Burrill & Co. will rent 20,000 sf for approximately $60 per sf, including furniture, for a little more than eight years. Burrill has put its smaller Montgomery Street office up for sublease until October 2002 at about $31 per sf.
CHICAGO-The Toronto-based office building owner cuts US and Canadian payroll by 15% but is consolidating accounting, payroll and information systems. The unified operations will be based in the Sears Tower and run by recently appointed chief financial officer Gregory Hanson.
CAMBRIDGE, MA-This area's office market is suffering more than most in the recent economic slowdown and high tech bust. Its heavy emphasis on high-tech tenants has caused its vacancy rate to plummet with no signs of a recovery on the horizon.
PORTLAND, OR-The owner, operator and franchiser of Elmer's restaurants is reporting record earnings for its fiscal year, which concluded April 2 and included the addition of eight new restaurants.
BOSTON-Representative Paul J.P. Loscocco promotes a bill to protect open spaces in the state. Essentially the bill, which Loscocco authored, would allow states to purchase the development rights to open space sites.
NEWPORT BEACH, CA-The locally based developer says it will expand the 110,200-sf business park to encompass 750,000 sf of office, retail and flex space. The completed 46-acre project has a projected value of more than $100 million.
LOS ANGELES-City Council approves 150-foot billboard space at Hollywood & Highland redevelopment project. Some opponents worry the area will become too much like NY's Times Square.