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PORTLAND-Local hotel brokerage specialist Ed Dundon says the Westside hotel market is firming up and that despite rumors of its trouble, the airport market is reporting a slight increase in revenue per available room.
BEAVERTON, OR-In court Friday, a U.S. Bankruptcy Judge says she may decide later this week which debt reorganization plan will prevail for the the Round at Beaverton Central development, a long-stalled mixed-use development project surrounding a downtown light rail stop.
DALLAS-Some metropolitan areas are experiencing hefty landlord giveaways, but the courting practice hasn't invaded Texas as yet, say real estate execs in Dallas-Ft. Worth and Austin. They say there definitely won't be a return to free rent days as in 1987-88.
SACRAMENTO, CA-There is a definite need for the 28-story, 500-room facility set to open April 28. The hotel says it has already booked more than 100,000 room nights through 2006.
LOS ANGELES-Owners of retail properties from the East Coast to the West are hammered by disappointing sales results from several department-store chains. Some retailers who cater to teens fare better, but not by much.
AUSTIN-Transwestern Commercial Services' Austin office says upward of 224,289 sf of sublease office space has been taken in the past two weeks. Sublease space watchers differ on the bottom line, but it's a safe bet it's shrinking.
SEATTLE-Abercrombie & Fitch says it will take the 14,000 former Gap space at Fourth Avenue and Pine Street with plans of opening doors there before Thanksgiving. The Gap has moved one block south.
PHOENIX-A California-based real estate investment firm has increased it's portfolio of apartment complexes in the Valley with the $15.4 million purchase of a property in northwest Phoenix.
MINNEAPOLIS-The architectural firm will look at incorporating video conferencing technology as part of the $9-million, 100-bed facility to be built in Owatonna, MN beginning in the spring of 2002.
SAN DIEGO-The appetite for multifamily property continues with the nearly $6.5-million sale of an apartment complex in the central portion of the city.