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LAREDO, TX-Consolidated Freightways has cut the ribbon on the largest terminal along the US-Mexico border. The 51,000-sf warehouse boasts 93 truck doors and 5,200 sf of office space. Some two million pounds will pass through the site each day.
GEORGETOWN, TX-Time to expand, but northwest Austin rent had posed a problem, says TrainUtopia's leader. The company has found double the space north of the city in Georgetown at essentially the same cost as its previous location.
ATLANTA-The fast-growing area begins to resemble sprawling Los Angeles. Future retail growth is shifting to more distant suburbs. The 1.2 million-sf Mall at Stonecrest will be the county's first major shopping mall when it opens next October.
IRVING, TX-The Archon Group is taking the plunge into the retail arena. Four possible buys are under contract as the Irving-based firm launches a retail division. The 22-year veteran Steve Lipscomb is the new senior vice president.
SILVERDALE, WA-Fred Meyer has joined Home Base on the sidelines in this Western Washington shopping headquarters, giving way to a new Best Buy outlet scheduled to open before Thanksgiving.
BROOMFIELD, CO-Etkin Johnson has secured title to 77 acres for a one million sf, mixed-use project in Broomfield. It's one of the largest remaining parcels available for development in the corridor and it cost nearly $6.5 million.
NEW YORK CITY-SoHo fever has crept across the river into DUMBO. Two Trees is bringing a new kind of waterfront to the city, helped by state and city financial incentives, bringing asking rents to less than $10 per sf.
WASHINGTON, DC-The NMHC's quarterly survey shows that rents aren't increasing as fast as they were, and that vacancy rates are creeping up slightly. The survey also highlighted difficulties of developing moderate-income apartments.
HOUSTON-Arthur Andersen and the Houston CPA has lured some major real estate players into the classroom to explore clicks for their bricks. With the sessions had come surveys and the results show a lack of e-business capabilities.
MIDDLETOWN TWP., NJ-The project has many critics, and these critics, as well as the developer, Mountain Hill Group, have set up dueling Web sites to air their views. The primary opposition comes from the residents of the community.