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Rather than fearing financial institutions' proposed entry into the real estate brokerage business, professionals nationwide question the wisdom of the move, as well as a bank's ability and willingness to service the client.
DENVER-First Industrial Development Services is off and running on two office-flex projects in Broomfield and Littleton. The properties will offer stiff competition to class-A structures as they bring lower rents and high finish-outs.
WASHINGTON, DC-LaSalle Hotels has bought the properties with plans to create "unique, independent boutique hotels," with a total of 502 rooms, which will be managed by Kimpton Hotels & Restaurant Group.
DURHAM, NC-Occupancy rates dip due to heavy construction, but prices of buildings continue to escalate even though rents are expected to soften, CB Richard Ellis Inc. broker Mac Alexander tells GlobeSt.com.
HOBOKEN, NJ-The luxury property, being built in two phases, will add a total of 145 units to an increasingly tight Hudson River waterfront residential market. Manhattan Building Co. has received a loan package for it from KeyBank.
ORLANDO-The tourist tax of five cents on a dollar from every rented room in the area's 110,000-room inventory is reaching $109 million a year and pays for the operations and maintenance of the four million-sf coliseum.
LAKE OSWEGO, OR-The award is for the largest research and development real estate transaction referral in the U.S. among members of CORFAC International, a global
AUSTIN-Endeavor Real Estate's Greenlawn Crossing should be ready to turn over space to tenants in May. The neighborhood shopping center is anchored by an 83,580-sf H-E-B grocery and contains 27,000 sf of additional retail.
DALLAS-Texans love to shop and retailers love to provide product. The latest year 2000 report shows the retail sector is riding at its highest level in 15 years. Some 8.7-million sf had delivered by yearend and there's more on the way.
GREENSBORO, NC-University of North Carolina's Andrew Brod tells GlobeSt.com the lag only reflects somewhat slower growth while public perception is also a factor.