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HOUSTON-The city's high-profile Uptown Galleria submarket is in a slump and the CBD is bustling, according to a new research report. High-tech fallout, relocation to owner-occupied structures and traffic patterns could be the cause.
FORT LAUDERDALE, FL-Nick Banks moves into key slot at Stiles Corp. division where he will be involved in all company developments, acquisitions and sales. Fort Lauderdale is 26 miles north of Miami.
AURORA, CO-Miller Weingarten Realty will be undertaking a 65-acre, 600,000-sf city center in Aurora. A 175,000-sf Super Target anchors the pedestrian-friendly, urban village, situated in a trade area that's grown by 10% in the past five years.
DETROIT-Leaner times have forced companies to pull back plans and throw sublease space on the market, Paragon Corporate Realty Services says in its First Quarter Office Market Report. However, overall vacancy rates remain firm.
VAIL, CO-Vail Resorts Development is undertaking a market study to see what would-be buyers prefer in timeshare options. Vail is hoping to capture some of the market in what is considered a booming business, says a resort executive.
MINNEAPOLIS-The financial services firm wants high-traffic locations near large retail developments. The sites need to be about 1.5 acres - large enough to accommodate 5,000-sf buildings.
PORTLAND-The firms will be filling vacancies in a 4.2-million-sf Portland-area industrial portfolio the Chicago-based investor of pension funds is acquiring in a $400 million, 8.3-million-sf staged acquisition from Spieker Properties that began last fall and will continue through 2001.
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.
KANSAS CITY-The first phase of a study concurs with a plan for Richards-Gebaur Memorial Airport to handle trains rather than planes. The study nixed building another runway at the airport once used by the Air Force.