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COLORADO SPRINGS, CO-The Colorado Springs office of Grubb & Ellis has issued its year 2000 report and it had been a record-breaker, say the analysts. The only record not broken has been vacancy, which had come in at 5.7% as the page turned on the calendar.
PORTLAND-Oregon's traditional industries--timber, wood products and agriculture--have taken a back seat, as high-tech zooms to the forefront. Tech companies predict robust growth in the coming years, if the economy holds.
SAN DIEGO-Tighter credit availability and skyrocketing energy costs have raised serious questions as to how the "soft" landing will impact real estate in 2001, according to local investment specialists.
ST. JOSEPH, MI-The company chooses Michigan over sites in Ohio and Illinois to begin start-up machine manufacturing facility. The company is also receiving a rent subsidy, training and assistance with start-up costs.
PHOENIX-In what was the largest lease of last year, a high-tech manufacturer of wafer-making equipment has taken a built-to-suit building in Tempe in a lease deal valued at $43 million.
IRVINE, CA-Irvine-based real estate giant Fidelity National Financial Inc. has inked a deal with e-commerce company VISTAinfo to combine both companies' assets into a jointly owned real estate services firm.
DALLAS-Come to Dallas, the land of plenty, says Lazarus Property Co.'s Sam Ware, who has a team hawking Elm Place space in power-strapped California. Ware's not alone in his P.T. Barnum strategy.
BLOOMFIELD HILLS, MI-Funds from operations rise 4.7% in 2000 to $1.34 per share, with an 8.3% increase for the fourth quarter. Meanwhile, sales per sf increased 5.7% to $479. The retail REIT also improved its occupancy rate.
RANCHO BERNARDO, CA-San Diego city leaders have dismissed community concerns about a planned 138-room Homewood Suites by Hilton Hotel Corp. off West Bernardo Drive.
AUSTIN-The city continues to feel the fallout from relocations, consolidations and dropouts. At month's end, Solectron is vacating 240,000 sf at the Domain, which is mapping out more development plans as it looks for a replacement tenant.