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SAN DIEGO-Many tenants have postponed expansion plans in light of an unsettled stock market and concern over the energy crisis, prompting the lowest absorption rates seen in the county in 10 years, according to a new report.
NEW YORK CITY-Tokyo, which placed first last year, moves down to second place, followed by Hong Kong, San Francisco and Paris. New York moved up to 13th place from seventh.
SOUTHFIELD, MI-The REIT says first-quarter funds from operations increased 1.5% over last year, with total revenues increasing more than 30%. New leases at two shopping centers were credited for the results.
HOUSTON-Weingarten's president and CEO Drew Alexander says it's been the most exciting first quarter in the firm's 53 years. Acquisitions and a common equity offering highlight Weingarten's first-quarter activity.
NORTH AURORA, IL- The newest tenant at Itasca-based AMLI Commercial's Tollway Park of Commerce is St. Louis-based Earthgrains Co., which takes 23,243 sf, about one-quarter of the 92,527-sf, multi-tenant building.
CORTLANDT, NY-Westchester County and municipalities in the Route 202/35/6 and Bear Mountain Parkway region of the county have scheduled a series of workshops aimed at helping shape the area's future.
HOUSTON-Forward Claims Services has secured title to a 9,600-sf building positioned on 1.5 acres. The insurance claim service will use the property for its headquarters. In another deal, a Clear Lake tenant has expanded its lease.
HACKENSACK, NJ-Formed to aid the recovery from real estate downturn of the 1980s, the firm provides high-yield mortgage loans when conventional financing is not an option for virtually all property types.
LIBERTY, MO-The snack maker shut down its manufacturing plant in mid-February after losses of $6 million in 16 months. Talks are ongoing between St. Louis-based Crown Capital Corp. and lender LaSalle Bank of Chicago.
NEW YORK CITY-Insignia/ESG's First Quarter Market Report shows slight increases in asking rent and shifting either way in terms of availability. Availability in Midtown is 6.7%, down from 8.8% a year ago.