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ORLANDO-Orlando slipped to sixth place from second position behind Las Vegas in the final 2000 rankings of major markets by the University of Central Florida. The rankings are based on number of permits pulled per 1,000 non-agricultural jobs in 20 markets.
TUCSON-Office development is definitely on the upswing in Tucson, but it's not the garden-variety of years past. Campus designs of five to 15 buildings are the hot looks, with nearly 600,000 sf in the works.
HOUSTON-Myers & Crow is gearing up to break ground on two more buildings at its NorthBelt Office Center. The Dallas-based developer has bought about 10 acres for two more buildings, totaling 106,050 sf.
PHOENIX-The Plaza del Rio has brought $3.1 million in a recent sale from Cole Cos. to the California-based Community Centers of America. The property is near the now-razed Los Arcos Mall, a site one time under consideration for a $585-million complex.
ATLANTA-The former Duke-Weeks Realty Corp. executives have formed Solution Property Group and are buying a 25,000-sf industrial building for development at an undisclosed price--from Duke-Weeks--at Southridge park in Clayton County near Hartsfield International Airport.
WOODBRIDGE, NJ-ShopRite will move from its existing 47,000-sf space into the former Caldor space at the 317,000-sf property, which is currently being retrofitted by Levin Management Corp.
WASHINGTON, DC-This week's MBA Mortgage Applications Survey shows that the market composite index for the week ending May 25 is up to almost where it was the week ending May 11 after a drop in the week ending May 18.