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SEATTLE-Abercrombie & Fitch says it will take the 14,000 former Gap space at Fourth Avenue and Pine Street with plans of opening doors there before Thanksgiving. The Gap has moved one block south.
PHOENIX-A California-based real estate investment firm has increased it's portfolio of apartment complexes in the Valley with the $15.4 million purchase of a property in northwest Phoenix.
MINNEAPOLIS-The architectural firm will look at incorporating video conferencing technology as part of the $9-million, 100-bed facility to be built in Owatonna, MN beginning in the spring of 2002.
SAN DIEGO-The appetite for multifamily property continues with the nearly $6.5-million sale of an apartment complex in the central portion of the city.
CHICAGO-Centrum Properties Inc. and Angelo Gordon and Co. team up to build North Avenue Collection, an eight-story building that will include 70,000 sf of Class A office and 130,000 sf of retail space.
HOUSTON-The three-building Loop Central Drive office project has 326,310 sf on the market, thanks to the departure of Jacobs Engineering from 292,821 sf in the project. Jacobs has moved into a new owner-occupied structure.
ORLANDO-Rents have shot up 5.4% to an average $720 per month, the highest among Central Florida metropolitan statistical areas as vacancies hit a new high of 9%, a new study by San Francisco-based Marcus & Millichap finds. This is a good time to sell B and C properties, the brokerage suggests.
CHICAGO-Don't expect "free rent" signs to start going up on vacant office space - at least for now. However, the word "concession" has re-entered the vocabularies here for leasing brokers and owners.
DETROIT-Italian publisher l'Arca Edizioni produces a new book, "Albert Kahn Associates -- Continuing the Legacy," featuring the firm's work on such projects as the Detroit Opera House and Providence Medical Center in Novi, MI.
DETROIT-A study says increased diversification and well-balanced workforce will minimize the county's risk of a severe recession. Oakland County's high-tech workforce of 167,568 is the third-highest among US counties.