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SANTA ANA, CA-Santa Ana Unified School District and Rancho Santiago Community College District are charging that land allocated to them from the former Marine base is so polluted that it's chasing off its mostly Hispanic student body.
FORT LAUDERDALE, FL-Delivery of new product in the first quarter, though, pushes overall vacancy rates upward in Broward, Miami-Dade and Palm Beach counties and provides tenants with some short-term leasing opportunities. Fort Lauderdale is 26 miles north of Miami.
SAN FRANCISCO-According to a report from Grubb & Ellis, the San Francisco office leasing market is showing signs of stabilization in the central business district, but the area south of Market Street has vacancy rates of more than 20%.
AUSTIN-USOL Holdings is on the move again, buying select assets from a Sprint subsidiary in Houston and securing a Gables contract in Arlington. The Houston contract solidifies existing partnerships and adds some new players.
PETALUMA, CA-There are a number of good tenant prospects for the 42,410-sf Steelhead Center due to be delivered to the local market in Spring 2002, according to Brian Eisberg of Orion Partners Ltd., the company marketing the project.
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.
LOS ANGELES-Locally based Haverford Capital has agreed to provide $6.5 million in mezzanine financing for the Cross Pointe office project in El Segundo.
ATLANTA-The locally based firm's decision reverses an earlier plan to stop the repurchases in October of last year due to the low market price of the stock. Shares are currently trading on the Nasdaq at $6.75. The 52-week high-low is $7.75 and $5.
BOSTON-One analyst anticipates about 200,000 sf of space returning to market, which will drive up vacancy rates. Nonetheless, the local market is in good shape and is expected to improve slowly after the summer.