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IRVINE, CA-The latest numbers released by Cushman Realty show that net absorption of class A and B office space turned negative, while vacancy rates rose due to companies feeling the pinch.
BOCA RATON, FL-Besides the net loss for the year, the locally based building products manufacturer and recycling company anticipates $2.4 million in costs this year attributed to its restructuring effort. Boca Raton is 42 miles north of Miami.
WASHINGTON, DC-While the number of mortgage applications fell 1.5% from the week before, they were up 105.9% over the same week in 2000, according to the Mortgage Bankers Association of America.
PORTLAND-Rabin Worldwide, a San Bruno, CA-based auctioneer, started the process Monday by auctioning off equipment and fixtures at the Medford store. Tuesday was the Eugene store, today is the Salem store and tomorrow is the Clackamas Town Center store.
SEATTLE-The 760-slip garage would be five stories tall and disguised with plantings. Also in the works for the zoo, which has not been significantly updated since 1976, are a new administrative office building and a for-rent, 13,000-square foot event center.
DALLAS-Gap Inc. will introduce its first vertical store stacking at the Galleria. Work has just started on the 127,639-sf project that frees up about 40,000 sf of inline space. Owner Hines already is recruiting new retailers for the Dallas market.
BOSTON-World Trade Center East had all of its 500,000 sf pre-leased when it opened last August. Since then, nearly half that space has opened up as high tech companies fell victim to the economic downturn.
DENVER-January 2000 still holds the best record for multifamily permit pulling in a decade, with this January's results coming in 41% lower. There's no cause for alarm because last year had been so hardy.
MINNEAPOLIS-Ryan Cos., which is developing office buildings on three contiguous blocks Downtown, hires artist and landscape architect Brad Goldberg to develop a streetscape along Nicollet Mall.