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NEW YORK CITY-In the Blue Room on Friday, Feb. 2, Mayor Giuliani signed Introductory Numbers 863 and 873 into law. The first increases credits and exemptions for commercial tenants and the second asks for another Empire Zone.
AUSTIN-High Fashion Decorative Fabrics has set up shop in a 28,000-sf leased building in the city's eastern corridor. The high-end fashion business has inked a three-year lease, picking the state capital for its first Central Texas location.
FORT LAUDERDALE, FL-The locally based developer is expected to open 2,500 linear feet of parallel dock space around March 1 at this mixed-use residential community 28 miles north of Miami.
BOSTON-Equity Office Properties Trust launches a new type of office space here that allows clients to sign a license agreement and immediately move into fully equipped offices. Lease terms are from month to month for up to 18 months.
HICKORY, NC- The number of available rooms are increasing by about 30% over the past four years with national hospitality chains just discovering this area 50 miles northwest of Downtown Charlotte.
SEATTLE, WA-Vacancy rates in in the region's apartment market are up a percentage point or two, depending on the sub-market. Downtown Seattle, however, appears to be picking up more tenants than the outlying areas as traffic drives them to live closer to the office.
LAGUNA WOODS, CA-Mark IV Capital will break ground later this year on a 40,000-sf medical building that already has a tenant taking the entire first floor.
FORT LAUDERDALE, FL-The subsidiary of Atlanta-based BellSouth Corp. is leasing 47,400 sf for an estimated 10 years at an estimated aggregate rent of $6 million in a single-story, 50,000-sf building at 2001 NW 64th St. The 48-acre office park is 38 miles north of Downtown Miami.
SOUTH ORANGE, NJ-The "transit village" concept is alive and well in New Jersey, most recently in the form of two multifamily projects being built near this city's commuter rail station.