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FORT LEE, NJ-An Everest executive addresses the stigma that has become attached to the industry, chiding some of the early players for a "land-grab" mentality that ignored the sustainable business model.
DENVER-The vacancy rate in the US 36 high-tech corridor between Boulder and Denver has soared from 1% just six months ago to 26% today, with about 1.5 million sf of sublease space on the market.
STAMFORD, CT-The latest office vacancy rate figures for Fairfield County show a softening of the commercial leasing market. James Fagan of CB Richard Ellis says the tough times won't be over as soon as many had predicted.
BELLEVUE, WA-With 45 regional projects in the works, the Northwest division of the national construction giant brings on a new senior estimator to assume responsibility for conceptual cost modeling and lead its pre-construction services unit.
CHICAGO-Fannie Mae reports it is having "an awesome year" in loan production but even that company concedes there are challenges ahead in 2001 as the pace of business accelerates while some markets soften.
LAS VEGAS, NV-The Walnut Creek, CA office of Colliers International has secured the property management contract for a power center in Las Vegas. The city has maintained a 2.1% retail vacancy rate through the first three months of the year.
PALMER, MA-Local activists here in this small town 70 miles west of Boston want state lawmakers to advance bills that would permit casino gambling in the state. This town has been hard hit economically and believes a casino here could help it with its financial troubles.
LOS ANGELES-A unit of the Cleveland-based development giant will build a $50-million, 230-unit loft apartment complex near Staples Center. The project will bring sorely needed housing to the central business district.
ST. PAUL, MN-A compromise proposed by Gov. Jesse Ventura breaks a stalemate that could have shut down state government last weekend. Multifamily rental property owners get a 25% tax cut.
MISSION VIEJO, CA-The lifestyle and entertainment center has sold for $28 million, despite being valued at nearly twice that price. Put on the auction block in Autumn 2000, the complex was 70% leased at the time of sale.