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AUSTIN-Two brokerage firms have found office space for nine clients, sealing a combined 68,456 sf in leases in the state capital. Colliers Oxford brokers have finalized five of the city's latest deals.
ORANGE COUNTY, CA-Third-quarter earnings for Newport Beach-based Pacific Gulf Properties were up 15% over the same period a year ago. The REIT's portfolio of industrial and multifamily properties is 97% occupied in both property types.
CHICAGO- In its quarterly conference call, management says it has sold 17 properties since the end of 3Q for $245 million. CEO says the strategic shift into supply-constrained markets will begin to show in next year's results.
WASHINGTON DC-HUD has embraced a newly published building code as the first legally acceptable way to comply with Federal regulations about disabled accessbility in apartments.
DALLAS-The multifamily sector is still waiting for the IT providers to make good on promises for big savings and heightened efficiency. Meanwhile, IT firms blame the industry's complexity for the Jetson apartment not being ready to lease.
HOUSTON-Experience and reputation have snagged a $45-million contract to design an expansion and renovation for the M.D. Anderson Library at the University of Houston. Construction will get under way in late 2001.
BOSTON-The frenzied high-tech real estate market of the past few years may face a correction, according to local experts. Route 128, which has seen rates soar to $50 per sf, will be hardest hit.
SAN FRANCISCO-Profits through the first nine months of the year are $96.4 million, or 89 cents a diluted share, versus $53.3 million, or 49 cents a diluted share for the same period in 1999.
PHOENIX-For the first time in more than a decade, a developer will build a for-sale residential, multi-family project in the central Phoenix area, spending more than $70 million to build a 303-unit project.