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PORTLAND-Occupancy dropped last year as the market continued to soak up five new hotels in the past four years. So far this year, hoteliers in select areas are sounding a little happier. Then again, more hotel rooms are on the way.
NEW YORK CITY-Companies will continue setting up call centers along the US-Mexico border to take advantage of the low-cost labor pool. Nonetheless, US metro areas received most of the investments in new call centers last year.
DANVILLE, CA-The locally based real estate firm has purchased a 28,000-sf property at 4185 Blackhawk Circle Plaza that is serving as the company's new headquarters, though it doesn't yet need all the space.
SOUTHFIELD, MI-The company's first acquisition expands Signature Associates' presence throughout the state. The companies had worked together on deals in West Michigan, Callander Woollam & Britigan's territory.
HOUSTON-Walgreen, which operates 347 stores in Texas, has added a 93,000-sf warehouse to its Houston portfolio. The new tenant is taking all of the structure, which is situated close to others in the Walgreen property mix.
VIENNA, VA-Principal Realty Advisors, formed here by industry veteran Debra Stracke Anderson, will focus on transactional representation, asset services consulting and project management throughout the Mid Atlantic.
CHICAGO-The REIT is negotiating a contract to sell nearly 21 suburban office and 31 industrial properties, representing about 40% of its net operating income. The prospective purchaser is in the midst of due diligence.