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AUSTIN-It's almost as good as being downtown, says the broker, but there aren't any battles with traffic or long searches and high price tags for parking. Two tenants are taking space in CBD periphery buildings instead of the more prestigious addresses in the state capital's heart.
SEATTLE, WA-The central business district was hardest hit, with 47% of the total within its borders. Then again, says Colliers, there are currently tenants looking for 1.3 million sf in Seattle within the next six to 12 months.
VALLEJO, CA-The Arlington, VA-based retail developer is in early discussions with city and county officials regarding the possible puchase of a 200-acre fairground property near the Six Flags Marine World Park.
CHARLOTTE- Fourth-quarter core revenues for the telecommunications firm amounted to $30.5 million, a 16% increase over the third quarter. For all of 2000, core business revenue rose to $101.8 million compared to $53.5 million for the year before.
COLUMBUS, GA-Hobby Lobby is entering the Columbus market with a 10-year lease on big-box space vacated by Home Quarters more than a year ago. The lease marks the sixth HQ store Hobby Lobby has used to move into a market.
KANSAS CITY-Rezoning of the Central Industrial District for lofts is met with opposition. However, other property owners favor plans by 3rd Millennium Developers to develop 34 lofts in a used tire warehouse.
BOSTON-The head of the convention center being developed here in South Boston is reportedly on his way out. Sources close to the project confirm for GolbeSt.com that Walter Upton will be off the project soon.
DENVER-Vicorp Restaurant stock has surged with a recent $174 million in cash offer to buy out the 256-eatery portfolio. The purchaser is an investor group that wants to take the Denver-based restaurateur private.
BOSTON-Industry sources confirm for Globest.com that Verizon Communications will be subletting between 200,000 sf to 350,000 sf of space here downtown. This substantially increases the vacancy rate here.
LOS ANGELES-GlobeSt.com has learned that city officials may have asked for bribes from developers in the Inland Empire community of Ontario to speed up approval process.