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NEW YORK CITY-Buyers are fearful they will overpay if they make full-price offers, some brokers report in a Brown Harris Stevens study. The report says that the residential market peaked about a year ago.
WASHINGTON, DC-The circa-1920s office building will be redeveloped, with completion slated for March 2004. Company officials say they're talking with law firms that may be interested in pre-leasing space in the 210,000-sf building.
BOSTON-The final public hearing on the proposed new runway at Logan International Airport demonstrated community opposition to the plan. Mayor Thomas M. Menino made his case against the project, arguing that data in support of it is flawed.
CHICAGO- Although vacancy rates are up in most city and suburban office markets along with a flattening of rental rates, Equity Office Properties Trust reports first-quarter funds from operations were up 13%.
MINNETONKA, MN-Long-time employee Ron Hunter, who started with the chain 28 years ago as a part-time waiter, wins the Esprit Award for his work at the Radisson Governors Inn - Research Triangle Park in North Carolina.
HOUSTON-Stage Stores is optimistic its newly filed reorganization and disclosure statement will steer the bankrupt company into a profitable standing. The Southern District Court of Texas has set a May 21 hearing to weigh the plan.
POUGHKEEPSIE-Companies certified in the Poughkeepsie/Dutchess County Empire Zone report continued gains in job growth and investments. Last year, the 155 businesses invested a total of $507 million in facilities and equipment.