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BELLEVUE, WA-Average class A asking lease rates are beginning to reflect a softening market and increases have slowed dramatically from previous quarters. Eastside rates dipped from $31.06 per sf at the end of last year to $30.82 per sf at the end of March 2001.
BELLEVUE, WA-Average class A asking lease rates are beginning to reflect a softening market and increases have slowed dramatically from previous quarters. Eastside rates dipped from $31.06 per sf at the end of last year to $30.82 per sf at the end of March 2001.
DALLAS-Gap Inc. will introduce its first vertical store stacking at the Galleria. Work has just started on the 127,639-sf project that frees up about 40,000 sf of inline space. Owner Hines already is recruiting new retailers for the Dallas market.
SAN FRANCISCO-The privately held real estate investment company will initially use locally based Citadon's development management software for eight planned office buildings in Woodbridge, NJ. Eventually the company will use it for 75 large-scale projects and 450 smaller tenant improvement projects.
ATLANTA- First-quarter figures have been especially bleak, topping out at only $50 million. Investors report no class-A buildings are included in that figure.
ATLANTA- First-quarter figures have been especially bleak, topping out at only $50 million. Investors report no class-A buildings are included in that figure.
ATLANTA-Jacoby Development Inc. and AID Global Real Estate Investment Corp. are retaining Development Design Group Inc. to design, develop and lease 800,000 sf of planned space at the 14 million-sf Downtown venture.
HOUSTON-Hines will begin pushing dirt this summer on a $300-million undertaking for Winter Sports Inc. The development, which will take eight to 10 years to finish, will serve as the base village for Big Mountain Ski & Summer Resort in Whitefish, MT.