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WASHINGTON, DC-NAR is predicting a 4.4% unemployment rate by year's end along with 2.9% inflation, a 2.1% GDP, a new-home sales drop of 3.2%, and existing home sales slip of 0.8%.
PHOENIX-Good results from a test restaurant that opened last year has prompted a Scottsdale-based restaurant chain to roll out a new concept at a faster pace.
CHARLOTTE-The North Carolina Technological Development Authority is converting the 48,000-sf structure into spec laboratory and office space at undetermined rents. The Research Triangle Park is 100 miles northeast of Downtown Charlotte.
COLORADO SPRINGS, CO-Record rental rates and new vacancy lows dominated the Springs year-end account by Grubb & Ellis Co. Intel Corp. was the surprise big player, picking up 861,200 sf of vacant space.
KANSAS CITY-The original developer wanted to convert the historic structure to an apartment building. They now are now suing the city after efforts to redevelop the downtown district at a cost of about $628 million stalled.
WASHINGTON, DC-NAR is predicting a 4.4% unemployment rate by year's end along with 2.9% inflation, a 2.1% GDP, a new-home sales drop of 3.2%, and existing home sales slip of 0.8%.
ORLANDO-Although Orlando is still considered a prime market for institutional investors, private capital buyers will be competing more aggressively with the publicly-traded firms this year for trophy properties now that interest rates have dropped and the supply of prime development sites is dwindling, finds a new CB Richard Ellis Inc. analysis.
BLOOMINGTON, MN-The former Griffin Cos. employee will focus on new business development, including landlord and tenant representation, in United Properties' retail brokerage group.
ATLANTA-Daniel M. DuPree, the 54-year-old president/COO of Cousins Properties Inc. for five years, is leaving the locally based development company March 31. The company's news release didn't explain why DuPree is leaving.