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WASHINGTON, DC-After a $70-million renovation, a dozen former Regal hotels bought by Millennium in 1999 are getting a name change. Company officials say they want to be major players in the four-star hotel market.
ORLANDO-GoCo-op Inc. of suburban Maitland, FL is laying off 30 workers or 20% of its 150-person staff after orders for its purchasing systems technology for restaurants and lodges slowed to a crawl.
MIAMI-Laurel Lucas will focus on leasing and marketing activities for Trammell Crow Co. in the Miami-Dade County market, following five years work at Langhorne Co.
DALLAS-Texas mettle is proving itself once again as metropolitan areas hold a steady course amid a sagging high-tech market. Executives say those that are alive are doing well, exercising caution and still leasing space.
NEPTUNE, NJ-With planning board approval of the final site plan, the initial phase will consist of two, 200,000-sf buildings and three levels of underground parking, with work scheduled to begin next month.
COLORADO SPRINGS, CO-Hilton has unveiled its latest Homewood Suites, opening doors on a 127-suite facility in Colorado Springs. The new hotel counts among its neighbors the US Air Force Academy, US Olympic Training Center.
WARREN TWP., NJ-Independence Technology will join another Johnson & Johnson company, Cordis, as tenants at Mt. Bethel Corporate Center. Owner Atlantic Real Estate has another 194,000 sf on the market.
CARROLLTON, TX-A workplace solutions group is the first tenant signed to 475,000 sf of next-generation showroom and distribution space at the 165-acre Frankford Trade Center. Herman Miller Workplaces Resource is planning a mid-summer move.
NEW YORK CITY-Experts report seeing an increase in the amount of concessions offered to tenants. With a slowing market, tenants should prepare to bargain for more in terms of free rent, construction time and more.