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ROUND ROCK, TX-American Plumbing & Mechanical Inc. is in the expansion mode, opening four warehouse operations in nine months and expanding two. The promise of new markets and desire to be closer to clients' projects spark the drive.
ATLANTA-The area's 68.6% occupancy in 2000 was the highest anywhere in the area since 1995, according to San Francisco-based PKF Consulting. Average daily room rate rose to $68.52 last year from $67.36 in 1999.
ATLANTA-No class A space is sold but 30 class B properties that changed hands averaged $91.96 per sf, according to Marcus & Millichap. Last year's total sales topped $1.1 billion.
LOS ANGELES-Systems company L-3 Communications signs five-year, $2.5-million contract for manufacturing and office space inside Watson Land Co.'s Dominguez Technology Center. The company plans more than $1 million in interior improvements to its new building.
ORANGE COUNTY, CA-Federal auditors say local Housing and Community Development Department and highly regarded Mercy House Coalition did not properly account for nearly $300,000 in spending. HUD wants $70,000 of the money back.
FT. WORTH-Redevelopment plans aren't available, but an 87,000-sf shopping center is ticketed for a makeover into an upscale retail venue. Woodmont is teaming with owner Corrigan Real Estate Services for 5000 S. Hulen St. Shopping Center's makeover.
SAN FRANCISCO-Several refurbished buildings are set to come back online this summer the heart of San Francisco's downtown business district. One of them, on Taylor Street, has been fully leased to ABM Industries. The others are actively marketing their space.
HOLLYWOOD, FL-The locally based developer is getting $100.78 per sf in a deal valued at $282.8 million. The assets comprise 2.8 million sf of gross leasable space and a rent roll of 250 tenants with average occupancy at 97%.