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SEATTLE-But with at least four million sf of office space under construction here and the recent flood of sub-leases space coming back onto the market flood, some speculators find themselves a bit nervous.
FULLERTON, CA-The City Council postponed a decision on a mixed-use residential/commercial development in the city's downtown area, despite city staff's recommendation to approve it.
OAKLAND, CA-Over one million sf of class A space was under construction in the Oakland metro area at the end of the third quarter, but nearly half of it is already pre-leased.
SUNOL, CA-The project will be Mission Valley's second quarry in Sunol. The first runs along Interstate 680. Elliston Vineyards initially wanted to lease much of the 242 acres for grape growing, but the PUC determined in October it would not bring as much revenue as the quarry.
DENVER-There is no cause for alarm that the $115-million Westin will drain occupancies at Stapleton hotels, say the experts. The operations cater to different crowds with different ideas about spending money.
HOUSTON-Sagging third quarter income doesn't dismay Comfort Systems USA, which is in the midst of a restructuring. The commercial HVAC supplier is closing some operations and selling off those deemed as non-strategic assets.
DALLAS-Playing off the "build it and they will come" philosophy, Cushman & Wakefield has netted $3.7 million for a client. The first step had been to find the right tenant and then, the right buyer.
PHOENIX-Adding to the much needed supply of affordable housing, a Phoenix-based non-profit group has purchased a West Valley complex for $7.35 million.
SAN ANTONIO-The 102,079-sf Titan Building is on its way back, with six new leases and two renewals, including one expansion. The structure's 68% occupancy has jumped to 90% with the pacts.
SAN DIEGO-Major investor in high-tech start-ups is opening an office in San Diego. Sevin Rosen Funds' expansion to San Diego is viewed as an indicator of region's growing reputation as an incubator for high-tech developments.