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HOUSTON-Analyst Bill Forrest of Revac Inc. says the existing 6% retail vacancy could rise a couple of points as developers bring out more than the double the city's average. Some 6.3 million sf is due to deliver at 35 retail centers.
SAN FRANCISCO-Dan Harvey and Jim McPhee have completed more than 400 transactions valued well in excess of $1 billion dollars since beginning their partnership in 1987. They are now senior vice presidents with Jones Lang LaSalle.
BOSTON-Torto Wheaton Research reports that the office absorption rate is negative for the first quarter of this year. Economists there insist that this does not mean the market is in serious trouble, however.
DENVER-Forest City Stapleton Inc. begins construction on the $300-million first phase of the redevelopment of the former Stapleton International Airport, part of a 7.5-square-mile redevelopment considered the largest infill project in the US.
CHICAGO-The city gets an edge over suburban office space, but increasingly cost-conscious and trigger-shy corporate decision makers are frustrating brokers working in both markets here as more sublease space becomes available.
HOUSTON-Analyst Bill Forrest of Revac Inc. says the existing 6% retail vacancy could rise a couple of points as developers bring out more than the double the city's average. Some 6.3 million sf is due to deliver at 35 retail centers.
BOSTON-The Spring/Summer REIT Report put out by AEW Capital Management LP, a locally-based real estate investment advisory firm, indicates that REITs will outperform most areas of the equity market over the next 12 to 18 months.
ATLANTA-Among the locally based REIT's profitable local transactions last year was the sale of 2.5 acres in the affluent off-Downtown Buckhead district for $5.4 million or $2.16 million per acre ($49.59 per sf). The profit was $950,000.
AUSTIN-Southern Union Co. is taking an extra 7,500 sf for a total of 51,000 sf in the under-construction Barton Skyway IV. And, it could end up the lead tenant for now if Vignette decides to withdraw its commitment for 108,000 sf.
ORLANDO-Trammell Crow Co. senior associate Jason B. Kaiser says the suburbs have more space, lower rents and newer buildings than the CBD. But Arvida Realty Services' Jeffrey Bloom contends the bulk of the leases this year will be signed Downtown.