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VANCOUVER, WA-According to a report by Norris Beggs & Simpson, seven pending projects will add nearly 285,000-sf of office space to the market this year, and class A rents will stay in the $20 per sf range.
PHOENIX-A state legislator has introduced a bill that would allow general contractors to avoid paying a sales tax increase on contracts signed before June, a move that could save them tens of million of dollars but is opposed by the governor.
DALLAS-Texans love to shop and retailers love to provide product. The latest year 2000 report shows the retail sector is riding at its highest level in 15 years. Some 8.7-million sf had delivered by yearend and there's more on the way.
LOS ANGELES-SCAG's Transportation Committee has predicted that passenger traffic at a handful of Southland airports will significantly increase by the year 2025, if the agency's anti-LAX expansion plan is implemented.
PURCHASE, NY-Two new tenants have signed lease deals totaling 7,400 sf of space at the RiverView at Purchase office complex. Professional Placement Associates and Rexam Inc. are the two latest tenants at the complex.
HOUSTON-Chevron USA has taken an extra 46,000 sf of office space at 4 Houston Center. The deal has been cut by an in-house Crescent Real Estate Equities broker and Strategis/CRESA in Houston.
DETROIT-Karen O'Donoghue and Larry Marantette are used to working together to rebuild Downtown Detroit. O'Donoghue was vice president of Detroit Economic Growth Group; Marantette was with Greater Downtown Partnership Inc.
CAMBRIDGE, MA-A wait and see attitude is being taken by potential tenants here as a sudden glut of sublease space hits the market. Within the past six weeks, the availability rate has shot up to over 650,000 sf of space.
NEW YORK CITY-Simon Robinson, the new head of Insignia Brooke, will relocate from New York to Hong Kong. He had been director of international business. The firm has also established its first operation in Latin America.
ST. PAUL, MN-The group will lease 2,730 sf near Hwy. 280 and University Avenue. It will use the space for administrative staff and workspace for volunteers as well as house its music library and extensive archives there.