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DENVER-The city's multifamily market is healthy, concludes the latest research analysis by Marcus & Millichap's Denver office. There will be 30% fewer apartments break ground this year.
GREENSBORO, NC-Developer Carl Essa is putting up this area's first class A building and feels his average asking rents of $17.95 per sf will compete with rates of $18 per sf to $23 per sf in metro Charlotte's submarkets, 85 miles down the road.
NANUET, NY-Flight 9 Satellite Services Inc. has expanded its space and moved from 100 Airport Executive Park to 200 Airport Executive Park. The company will also move its warehousing in Haverstraw, NY here.
ORLANDO-The locally based, 30-year-old celebrity-themed restaurant chain posted pretax profit of $69.4 million in fiscal 2000, up 3% from $67.23 million in the previous year, according to its parent, London-based Rank Group PLC.
SAN DIEGO-San Diego National Bank has agree provide financing to finish construction of a residential lofts project now under way in the East Village neighborhood near the proposed ballpark.
DALLAS-Hillwood executive vice president Tom Mason had been the wearer of many hats for the company. He's passing the CFO's torch to Mark Welch, the first team member to hold what is now an official title in the Hillwood hierarchy.
DALLAS-In a flurry of lease signings, Grubb & Ellis brokers have finalized five new leases, totaling 120,371 sf, and a 75,000-sf renewal. Coming from Denver will be Optical Networks, a relocating Marconi Communications division.
PORTLAND-Similar to the system-development charges new developments are assessed, the "street maintenance and improvement fee" would charge commercial property owners based on how many vehicle trips a property generates. As envisioned, a 500,000-sf office tower would be paying $1,500/month.
FRANKLIN TWP., NJ-Bergman Real Estate and Grand Realty acquire 64,000-sf institutional facility, and will continue extensive renovation effort initiated by the previous owner. Cushman & Wakefield represented the seller, Lincoln property.