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SPOKANE, WA-While vacancy rates had been hovering around 5% the past few years, according to a recent survey they have tightened up to 3.25% in class A buildings in the Downtown core.
BOSTON-A recently released study indicates that this area's hotel market is growing while the national hotel market is on the decline. Lodging Econometrics, which conducted the study, says that Boston will probably experience a softening of occupancy in 2001.
ORLANDO-Developer Richard C. Kessler's $37-million, 250-room Westin Grand Bohemian Hotel debuts April 16 with average daily room rates of $150 to $225, unprecedented prices for Downtown.
ATLANTA-The locally based operating subsidiary of Post Properties Inc. closes on 6.71% senior, unsecured five-year notes, rated BBB+/Baa1 by Standard & Poors and Moody's.
EAST WINDSOR, NJ-The Portuguese pharmaceutical company will move from nearby Princeton to a 30,000-sf facility here that will begin construction later this year. A 2002 completion is slated.
NEWARK-ReNEWal Realty, which specializes in the return of brownfields to commercial or industrial use, has leased an undisclosed amount of space in the Gateway Center complex. The company is relatively new at four years old.
PASADENA, TX-Vista Medical Center Hospital will kick off a $750,000 redesign in April. The project gives and takes space, but brings no extra room for the 43-bed acute care center at 4301 Vista in a suburb south of Houston.
ST. PAUL, MN-Plans to double the city's available multifamily and affordable housing are reviewed by the Metropolitan Council. Hastings expects its population will grow from 6,600 households to 10,500 households in 2020.
KANSAS CITY-A plaque is dedicated at Union Station in honor of William Thomas Dunn. The plaque is dedicated by the Kansas City District Council of the United Brotherhood of Carpenters.