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DENVER-"Continued low vacancy and solid rent growth will persist through the end of the year," according to an apartment report form Marcus & Millichap. Downtown and the US 36 corridor are the strongest submarkets.
SAN MARCOS, CA-CT Realty Corp. is putting the finishing touches on the rehabilitation of a 106,000-sf former factory outlet center and has just signed a 20,000-sf lease valued at slightly more than $2 million.
NEW YORK CITY-Rockrose Development Corp. has started construction on 660 12th Ave., an eight-story, 700,000-sf spec telecom facility. It is said to be Manhattan's first new construction project specifically for telecom tenants.
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.