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PORTLAND-The slowing trend is expected to continue through the spring and summer of 2001.Unemployment in Portland averaged out to 3.9% for 2000, according to the department. Oregon as a whole saw unemployment of 4.8%. Nationwide, the figure was 4%.
NEW YORK CITY-One reason for the rating change is that the firm's efforts to position itself as a global real estate provider will prove challenging. That program will require integrating disparate and geographically diverse operations.
EDINA, MN-The two buildings owned by Mutual of New York Life Insurance Co. have a total of 85,000 sf available out of 215,150 sf in the complex on W. 78th Street. Vice presidents Mike Perkins and Kevin O'Neill have the assignment.
ORLANDO-In a consolidation mode, Florida Power Corp. is taking 85,000 sf for 10 years at the Indianapolis REIT's 110,000-sf North Point Park of Commerce in suburban Lake Mary, FL. The estimated value of the lease, which has five five-year renewal options, is $17 million.
LYNDHURST, NJ-The class B facility will be redeveloped and repositioned as class A tech space in a submarket, the Meadowlands, that currently has less than a 1% vacancy rate for top-class space.
AUSTIN-Texas BOMA is getting ready for a battle of the airwaves, building a war chest to cover any legal expenses over forced access in privately owned structures. Some in the industry say last year's PUC ruling disenfranchises property owners' right to choose.
DENVER-A Delaware bankruptcy judge pondered less than 15 minutes yesterday before stamping reorganization papers for United Artists. No objections had been lodged, but there remains a 10-day filing period for complaints before the plan goes into effect.
FORT LAUDERDALE, FL-The Morris Richter partnership expects to begin construction in April on the 23-story building along the Atlantic Coast, 30 miles north of Downtown Miami. The estimated hard construction cost of the venture is $26 million.