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AUSTIN-Austin probably will fare better than Ft. Worth in Intel's master building plan. Work will grind to a slow hum as Intel weighs what to do with its 10-story state capital office project. As yet, the Intel decision isn't trickling over to other CBD office proposals.
OAKLAND, CA-The Port of Oakland will circulate the request early next month in search of a master developer to transform a 66-acre industrial area into a mixed-use project totaling 2.5 million sf.
FAIRFIELD, NJ-The solid economy has sent prices sky-high, and if the year ahead turns out to be one of leveling growth or even a downturn, some of the players could move on, according to one report.
NEW YORK CITY-The move was prompted by Vornado's successful $3.25-billion bid for the World Trade Center last week. Uncertainties about the financing of the deal and the size of the complex compared to the firm's current portfolio were factors in the decision.
SEATTLE, WA-To offset a lack of developable land in downtown and a high water table in Pioneer Square, Martin Smith is planning to install watertight "bathtubs" to provide for underground parking in two proposed office developments.
ORLANDO-Michael J. Lipsey tells 150 corporate executives they are missing the train by not emphasizing more 'service' to clients in their daily performance, instead of concentrating wholly on transactions.
DALLAS-Women have made more inroads into commercial real estate than other minority segments despite the high and lucrative rewards that await those who dare to tread the path. But, change is bound to occur as more clients also make vital inroads to diversification.
CHICAGO-Equity Residential Properties Trust pand CEO Douglas Crocker II predicts a slowdown in multifamily construction as well as fewer single-family home buyers will add up to another strong year for his REIT.
CHICAGO-The largest industrial REIT in the market budgets for a recession and wants to be poised to capitalize on opportunities in a market that continues to see competition for deals.