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LOS ANGELES-The economic slowdown is finally hitting home. Fizzling dot-coms, telecoms and tech firms are creating a glut of sublet space, causing competing owners to offer concessions to land the creme de la creme of tenants.
HOUSTON-The Beltway Southwest Business Park in the city's northwest corridor has reached 84% occupancy. The industrial project's third phase, finished in fourth quarter 2000, is 50% leased, thanks to a new signing.
NEW YORK CITY-While brokers don't like being asked to play fortune teller, they do tell GlobeSt.com the fringe properties bolstered in the dot-com craze are now seeing growing numbers of subleases and vacancies.
NEWPORT BEACH, CA-The REIT continues to wind up its business, selling off another of the few remaining properties in its industrial portfolio.
DALLAS-Texas mettle is proving itself once again as metropolitan areas hold a steady course amid a sagging high-tech market. Executives say those that are alive are doing well, exercising caution and still leasing space.
NEW YORK CITY-Brokers across the nation, reflecting on the rise and fall of dot-coms, say that the commercial real estate industry did more things right than wrong.
CLAYTON, MO- Charlesbank Capital Partners hires Colliers Turley Martin Tucker to manage a 650,000-sf class A office park with two multi-tenant buildings at Forsyth Boulevard and Hanley Road.
PHOENIX-A 200,000-sf industrial campus in rapidly growing area of Glendale has been purchased by a local investor. The area is one of the tightest industrial market's in the Valley, with an vacancy rate of about 4.5%.
SAN FRANCISCO-The portfolio, acquired from Burnham Pacific Properties, includes centers in Castro Valley, Sacramento, Vacaville, Fremont, San Jose, Benecia and Santa Rosa. All of the shopping centers are over 96% leased.
INDIANAPOLIS- Chicago-based REIT First Industrial Realty Trust Inc. buys up property at Interstate 465 and Brookville Rd., one of the last major undeveloped interchanges in the market, for development as a mixed-use park.
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Download ResourceFrom Placer.ai
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Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource