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PORTLAND-This time last year, Equity Office Property's 22-story, 363,000-sf Downtown office building was at 80% occupancy. Today, a $2.3-million lobby renovation is underway and occupancy, at 88%, is on its way to 95% if leases under negotiation are signed.
BLOOMFIELD HILLS, MI-The brokerage firm moves almost $25 million worth of multifamily complexes in three months, including two deals each in Grand Rapids and Lansing. The 176-unit Hidden Valley Apartments sell for $10.9-million.
PHOENIX-City leaders in the suburb of Surprise consider deal to build a $45-million spring training facility for the two baseball teams, both of which currently train in Florida.
COLUMBIA, SC-The state grows more than 15% in the 1990s, topping four million in population, the latest U.S. Census shows. Beaufort County, home of resort-laden Hilton Head Island, grew the most at 40%.
BOSTON-Colliers International, based here, indicates that despite steady declines in office vacancies and increases in office rental rates, a number of economic problems have surfaced that could lead to a sluggish performance this year.
MONTICELLO, NY-A plan by gaming giant Park Place Entertainment Corp. to build a $500 million resort/casino in Sullivan County has passed a key milestone. An application has been field with Indian Affairs.
TACOMA, WA-Oxbow Capital Partners, a local venture capital company, cuts its commitment for space in the 130,000-sf building from 70,000 sf to 30,000 sf and the developers revert back to using the project's original name.
ORANGE COUNTY, CA-Gish Biomedical signs $4.6-million lease to move HQ to Rancho Santa Margarita. Separate pact gives the same firm 23,040 sf in Irvine Spectrum area.
DENVER-Two lodging and convention center consultants have joined forces to facilitate development, operation and research for the industry. The Denver and Minneapolis firms' past joint ventures include the Colorado Convention Center
COLORADO SPRINGS, CO-The Neenan Co. has nearly doubled its acreage in the InterQuest Corporate Center. The developer is plotting a three-building, 170,000-sf office development across from the US Air Force Academy.