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ORLANDO-In a tough industry year, locally based CNL American Properties Fund Inc. managed to eke out a $2.93 million profit in fiscal 2000 on record revenue of $123.5 million versus a loss of $49.8 million in 1999.
PLANO, TX-Leasing activity in Miramar Development's final leg of its 10th Street Business Park gets jumpstarted with a 33,000-sf signing. ABC Plumbing has reserved the first spot in the warehouse that delivers in the summer.
PORTLAND-The tech-heavy Sunset Corridor saw vacancy rates jump from 8.0% to 14.1% in the first quarter as 180,000 sf of new space was delivered to a market that already had 500,000 sf available, according to the latest report from Grubb & Ellis.
EVERETT, WA-The county is auctioning a 39-acre rural development site with one million board feet of timber just south of the town of Granite Falls, as well as a five-acre apartment site in Everett that could accommodate up to 72 units.
REDWOOD CITY, CA-Jay Paul Co.'s 1.7-million-sf tech campus in Pacific Shores had companies lined up to lease nine of the ten buildings slated for completion this spring. Some 500,000 sf is now back on the market and more may be coming.
BAYTOWN, TX-Home Depot will build the largest warehouse structure that's been undertaken in the past seven years in the Houston metro area. The home improvement center has closed on 40 acres for the facility that will service stores in six states.
LONDON - Investment in London hotels slumped by over half during 2000. According to agency Jones Lang LaSalle Hotels this was due to the chronic shortage of suitable stock coming to the market.
LOWELL, MA-The company outgrew its old space when staffing shot up from 30 to 110 people in a year. Its new quarters at CrossPoint Towers keep it near its peer groups and employees, which were important considerations.