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WASHINGTON, DC-The software problem that caused the National Association of Realtors to revise its residential housing analysis didn't have any impact on the group's commercial real estate figures.
OVERLAND PARK, KS-Commercial construction permit numbers are down in this city by half in February compared to January figures, as well as compared to the same time last year.
VANCOUVER, WA-According to a report by Norris Beggs & Simpson, seven pending projects will add nearly 285,000-sf of office space to the market this year, and class A rents will stay in the $20 per sf range.
ORLANDO-The retail specialist closes on five leases at five centers totaling 4,559 sf and valued at an estimated $1 million, bringing her aggregate leasing total in the two years she has been with the brokerage to 67,000 sf.
NEWTON, MA-Clarendon Photonics, a developer of planar integrated DWDM components, opens its 24,000-sf headquarters here. The company recently received $18 in equity financing from telecommunications investors who invest in start-up ventures.
CHICAGO, IL-Part of the strategy for office property owners to lure or retain tenants is to increase amenities. Equity Office Properties Trust responds to customer input by launching a "people space" at 1 N. Franklin St.
NEW YORK CITY-Broker Sandy Zuckerbrot shares insight with GlobeSt.com on the City Planning Commission's proposed Long Island City mixed-use district. The zoning changes would allow new commercial, residential, community and light manufacturing in certain areas.
NEW YORK CITY-Lehman Brothers' analysts base their opinion on the signal from Gap that it may open fewer stores and look to build smaller outlets and The Limited's announcement that it's looking to sell women's clothing retailer Lane Bryant.
DALLAS-In an ambitious undertaking, Medical City Dallas will spend $200 million to expand and renovate 756,613 sf at its sprawling North Dallas campus. The project gets under way in summer or fall and will take three to five years to complete.
ORLANDO-Paul Straubinger of Realvest Partners Inc. is scouting Sanford, FL for new development sites to house 5,000 sf to 20,000 sf buildings for niche tenants that require more open yard space than interior office/storage room.