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SCHAUMBURG, IL-This economic engine of Chicago's Northwest suburbs continues to hold out for quality development as less than 6% of its giant tax base remains undeveloped. Similar communities are advised to do likewise.
SAN ANTONIO-The Walsh, Anderson, Brown, Schulze & Aldridge firm is moving into an 8,655-sf spot in the premier 298,2890-sf One International Centre. The specialty law firm also has offices in Austin and Irving, TX.
LONDON-The UK's key regional office markets are now increasingly short of prime space. With little new space coming to market over the next year, rents are expected to rise, according to a DTZ report.
PETALUMA, CA-Construction has started on a four-story Sheraton in this community 32-miles north of the Golden Gate Bridge. The Sheraton at the Petaluma Marina is targeted to open in 2002. The Lok Group is building the 183-room, high-end hotel.
LONDON-Tishman International has fully let its first UK project, the 182,500-sf redevelopment of the former Heinz headquarters at Hayes Park Hillingdon, near Heathrow.
ATLANTA-A Marcus & Millichap June office investment assessment of the metro area shows annual appreciation is between 3.5% to 4.5%, down from previous levels of about 6% a year.
LONDON-Gainsborough Morrison, the serviced office operator jointly owned Gainsborough Group and Morrison Developments, has secured five new UK sites totalling more than 210,000 sf.
CAMDEN, NJ-Proposal put forward by acting Governor Donald DiFrancesco would amount to a state takeover of one of the country's most troubled, and by most yardsticks the second poorest major city.
LOS ANGELES-Adler Realty Investments pays a private partnership $1.7 million for small San Fernando Valley parcel and plans to replace 20 aging cottages on the land with a 67-unit apartment complex.
HOUSTON-The results of an Arthur Andersen survey, taken at a recent Houston seminar, show only 7% of the companies are wheeling and dealing online. Andersen has hired CA-based diCarta to develop its first Web-based contract management solution.