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DENVER-Permanent financing is arranged for the mixed-use building with 207,205-sf of office space and 25 penthouse condominium units along the 16th Street Mall and Market Street at the edge of Lower Downtown.
WALTHAM, MA A cost-cutting campaign leads Terra Lycos to eliminate 48 jobs or 15% of its workforce with its US headquarters here losing about 99 of those jobs. A softening of the online advertising market is blamed.
SAN ANTONIO-Sygma Network has beefed up its lease to 141,250 sf at Rittiman West Business Park in the city's northeast submarket. In doing so, the food distributor has inked a 10-year lease that's adding 26,250 sf to its regional hub.
LOS ANGELES-More than 40 leaders of nation's multifamily industry will speak at RECG's widely anticipated "Apartments 2001" event. Keynoters include president of Legacy Partners Residential and chairman, CEO of Archstone Communities.
ATLANTA-Rent hikes will slow, vacancies will remain stable and single-tenant buildings and big-boxes will be hurt this year, a new analysis by the Atlanta office of San Francisco-based Marcus & Millichap projects.
NORTHBROOK, IL-Plastic consumer goods producer US Acrylic sells its 71,000-sf building at 310 Huehl here for $2.66 million but remains there under one of three sale-leasebacks closed by Arthur J. Rogers & Co.'s Mark Baumhart.
SANTA ROSA-Guaranty Residential Lending has occupied 3,700 sf here that will serve as the Texas-based company's regional headquarters serving northern California, Nevada and Arizona. It is the first Guaranty office to open in Sonoma County.
AUSTIN-The investment banker, Stephens Inc., has made its Austin inroad more permanent, signing a five-year lease for a class-A spot in 100 Congress. The Arkansas-based firm has been working out of an executive suite in the building for a month.
LONDON-Pressure on the banking and finance sector as a result of the expected slowdown in the US economy will significantly impact the London office market according to the latest report from DTZ Debenham Tie Leung.
NEW YORK CITY-Brisbane made a good showing and has bright prospects for the rest of 2001, but overall the eight cities surveyed by Andersen turned in a 2% decline in RevPAR. Suburban Sydney's was down 19%.