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WOODBURY, MN Exeter Realty Co. and Oppidan Development will build the 68,000-sf Eagle Valley Commons retail center on a 12.6-acre site at Valley Creek Road and Woodbury Drive. The project is expected to be ready in October.
ST. PAUL, MN-Taxes are more than double those in neighboring states, according to a study, even though Minnesota lawmakers have cut commercial and industrial property tax rates three times since 1997.
DETROIT-Bankruptcy even closes the Simi Valley, CA-based company's Birch Run, MI store. The area is known as one of the country's most popular shopping plazas.
DALLAS-It's the law of the jungle: only the strongest survive and that's most likely the way it will end up when the dust settles on the battle among high-tech real estate venues. Some will be investing more money and others will fall, but the demand remains stronger than ever.
NEW YORK CITY-As part of the deal, Cogent will use the NY Global Connectivity Center at 32 Sixth Ave. that Rudin is redeveloping as its local hub site. Cogent plans to expand its four-city base to 14 by the end of the second quarter.
DENVER-Colorado Access is adding more space, more employees come fall when it relocates to Two Denver Highlands in the city's southeast corridor. The 66,800-sf pact is one of the largest leases inked for the sector in quite awhile.
SAN JOSE-In the office market, where vacancy at year's end was at 1.85% (compared to 3.72% at the end of 1999), demand is expected to remain strong. Of the 5 million sf of space under construction, nearly 85% is already spoken for.
PORTLAND-The California-based grocery chain tells GlobeStcom it has yet to sign an agreement for the vacant grocery store at 2122 N.W. Glisan, but says 'we are trying to work out a lease with the Dursts.'
PHOENIX-An office liquidator has leased a 104,000-sf warehouse in west Phoenix, which the company plans to use for office equipment and furniture auctions.
LOS ANGELES-The dot-com shakeout that has already cost some California landlords millions of dollars in lost rent is now spreading to other real estate-related companies, as firms ranging from architects to ad agencies struggle to collect huge sums of money for work they performed when times were better.<p>