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STAMFORD, CT-While the Westchester County office vacancy rate remained relatively stable in the second quarter at 11%, a broker with CB Richard Ellis says that demand has definitely softened recently.
SOUTH BRUNSWICK, NJ-The Oklahoma-based Fleming Cos., in the midst of a turnaround, will use the space to service its customers in the Northeast region. The lease represents the entire first phase of Turnpike Crossing.
ATLANTA-The Oak Brook, IL-based retail investor, averaging an acquisition a month, paid 965 North Point Commons of Atlanta $4.9 million or $127.54 per sf for the eight-month-old, 38,418-sf Jo-Ann Fabrics store at the North Point Commons Shopping Center in suburban Alpharetta, GA.
BOSTON-The Joint Committee on Housing and Urban Development, a legislative committee, approves of a plan that would penalize communities in this state that don't build a minimum required amount of affordable housing.
MINNEAPOLIS-Traffic congestion is getting worse in the stretch from northwest Minneapolis to St. Cloud. Eighty percent of residents say the Northstar commuter rail project is a "good" or "very good" idea.
MIAMI-The homebuilding giant shows no sign of slowing amid a weaker economy as quarterly net earnings increase by 166%, revenue rises 44% and operating margin on homes sales improved by 540 basis points to 13.1%.
KENT, WA-After just 14 months in operation, Recreation Equipment Inc. will close its Tokyo store by the end of the year and its Japanese Web site at the beginning of next month.
ROYAL OAK, MI-This city outside Detroit bets the builder of the Campus Martius project can bring in a gateway project for its Downtown. The mixed-use project calls for 340,000 sf of office, hotel and retail space.
ATLANTA-Georgia has more industrial and commercial customers on real-time pricing than any other state, say researchers at the Terry College Bonbright Center, University of Georgia.