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HOUSTON-A first-quarter report has the Westchase submarket ahead of the rest of the city in absorption, high-profile tenants and a building boom. New construction has vacancy riding at 14.8%, according to Trione & Gordon.
SAN JOSE-The networking giant is suspending construction of an 8,000-worker campus in Alviso and not starting on a 10,000-worker industrial park in Fremont, but will continue preliminary work on a 20,000-worker campus in San Jose's Coyote Valley.
HOUSTON-Edgar Filings is moving into a 2,337-sf sublease space of RealtiCorp, a South Carolina-based investment fund. The two will share office space at Greenway Plaza, where class-A rates are fetching $22.03 per sf.
BOSTON-While the Red Sox CEO has been insistent that the team will not leave Fenway, there is speculation here over the possibility that local developer Frank McCourt would like the Boston Red Sox to build a ballpark on his piece of waterfront property.
DENVER-The Lockheed Martin Deer Creek headquarters, being marketed for $60 million, has not made Boeing's cut of sites in the feverish competition among Denver, Dallas and Chicago. It's too big, says one of the listing brokers.
ST. PAUL, MN-The consulting firm had signed a letter of intent to lease 140,000 sf at the new Minnesota Life building Downtown. However, lack of the need for job growth forced the company to reconsider.
DALLAS-Thirty-six real estate brokers have received a leading accreditation. One Dallas-Ft. Worth designee stands out because he comes from a three-broker operation, unlike the others who hail from a powerbroker list representative of nationwide firms.
KLAMATH FALLS, OR-In order to improve the financial performance of the company, Klamath First president and CEO Kermit Houser says greater emphasis will be placed on higher yielding/shorter term loans such as commercial real estate lending, small business, commercial/industrial and consumer lending.
BEND, OR-Following an independent third party evaluation of competing tender offers for the ski resort, Mt. Bachelor's board of directors is now recommending the higher offer that didn't win the first time around.