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BOSTON-GEN3 Partners stakes its claim as the next in the long line of high-tech victims of the recent economic downturn with its layoff of another 25 employees. The strategy consulting firm, headquartered here, laid off 20% of its workforce this past September.
AUSTIN-Boston-based Terradyne is expanding its Austin presence, signing for 8,000 sf in Lantana Corporate Center II. The signing puts the recently completed structure at full lease-up. Terradyne also occupies space at Monterrey Oaks.
HOUSTON-Come next week, the Hanover Co. will begin razing an office building to make way for the city's tallest multifamily project. The 33-story, 356-unit project is the latest undertaking for a focus on pedestrian-friendly complexes.
SAN JOSE, CA-U.S. Senator Dianne Feinstein publicly backs plans by Bechtel Group and Calpine Corp. to build an energy plant on the southern endge of the city, right where the City Council doesn't want it.
BEND, OR-Sunriver is also reporting this week it has received for the second consecutive year a four-diamond designation from the American Automobile Association. Sunriver is one of only two AAA four-diamond resorts in the state.
CHARLOTTE-Fitch Investors Service of New York cites the area's economic strength despite growth and rising capital needs, but says funding future schools and transportation will be a challenge.
SAN DIEGO-Some 16 large sites across the county are suitable as potential homes for technology "clusters" for biotech and high-tech manufacturing, according to a new study.
SAN FRANCISCO-Expansions by some of the major biotech companies are not the antidote to the markets current ills, but the growth does bode well for the future of the industry, according to some experts.
SEATTLE-The Alexandria, VA-based REIT paid $129.3 million for a total of 995 units in Issaquah, Lynwood and Everett as part of a nine-property portfolio acquisition from developer Trammell Crow Residential.
DENVER-First Data has accelerated its building plans for a one-million sf office campus in the Meridian International Business Park. Ground has broken on a 166,000-sf phase two, which is a mirror image of a building that had opened in 1998.