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SAN DIEGO-Layoffs that could have a potentially negative effect on office and industrial vacancy rates have hit high-tech companies including Gateway Computers, Lucent Technologies Inc. and Sony Electronics Inc.
ATLANTA-The locally based REIT credits the 2000 performance to increases in rental property revenue from projects that became partially or fully operational during the year and from the continued strong performance of existing properties.
BOSTON-A new land bill would allow developers to voluntarily take their property out of the state's registered land system. This translates into more efficient, less costly transactions, according to an attorney who worked on the bill.
HOUSTON-A 232-unit neighbor to the prestigious Galleria has a for sale sign hanging on it. It's the submarket that's driving the demand, with rents spiking 10.5% in just the past three months, says the broker.
HAYWARD, CA-The Sunnyvale-based digital fiber optics company has signed a five-year lease at the park. More affordable rents are expected to keep attracting firms to the East Bay, which is close by Silicon Valley.
BELLEVUE, WA-With the goal of improving traffic flow and transportation issues in the downtown core and Bellevue's arterial Interstate 405, Access Downtown has hit its funding requirements to begin five years of construction projects.
AUSTIN-Five leases, including one renewal, have been finalized for Austin office buildings. Bechtel Telecommunications has signed the largest pact for space at 2024 E. St. Elmo Rd.
CORAL GABLES, FL-The Houston-based investor/developer paid an estimated $20 million for the 100,000-SF First Union National Bank building and two smaller structures on a 3.2-acre site near this affluent city's Miracle Mile shopping corridor, just south of Downtown Miami.
ORANGE COUNTY, CA-Caribou Industries, headquartered in Santa Ana and already one of the city's largest property owners, has raised its stake in the neighborhood by purchasing the 150,000-sf Park Tower Center for $13.8 million.
ORLANDO-The Orlando division of the Dallas, TX-based homebuilder is erecting a total of 80 single-family residences and townhomes in 15 Central Florida communities with an average price of $186,000.