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WASHINGTON, DC-Industry professionals, federal officials, advocates and others will discuss housing policy, development and finance at a summit Tuesday sponsored by the Mortgage Bankers of Association of America.
SAN FRANCISCO-Downtown class A rents are down 3.77% to $69.19 per sf and class B rents are down 5.66% to $55.41 per sf. Vacancy is 17% higher and rents are nearly 30% lower in the dot-com heavy area south of Market Street.
DALLAS-Since 1985, it's been Stockton, Luedemann, French/Jackson & West offices in Dallas and Houston. But that's no more. It's now NorthMarq Capital Inc., in line with a merger nearly four years ago with the Minneapolis-based financier.
BOISE, ID-Dakota Co. is the managing partner of a group of investors assembling 175 acres on Ten Mile Road at Interstate 84 for an office, retail and housing development. Construction of the complex could begin within two years.
AUSTIN-Campbell-Hogue and Associates is off and running with a 250-unit affordable multifamily complex. It has taken more than two years to clear the decks for the Ft. Branch at Truman's Landing, a $21-million undertaking.
BOSTON-A recently released study indicates that this area's hotel market is growing while the national hotel market is on the decline. Lodging Econometrics, which conducted the study, says that Boston will probably experience a softening of occupancy in 2001.
BOSTON-The proposal for Columbus Center, a hotel and residential complex here on Berkley and Clarendon Streets, faces opposition over the height of its towers. The developers, Arthur Winn and Roger Cassin, recently filed notice with the city.
DETROIT-Keeping technology firms, land conservation and the naming of new government offices were discussed in Gov. John Engler's speech. More than 6,000 information technology companies now call Michigan home.
DENVER-American Furniture Warehouse has opened the doors to a 635,000-sf facility in ComPark. Furniture king Jake Jabs has done it up big time, saying he's bested IKEA and the Great Indoors with a facility of this size.
SEAL BEACH, CA-With the formation of GreenPark Fund II, the GreenPark Group is seeking capital to expand its focus to include cleaning up sites for future commercial real estate development.