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SALEM, OR-With vacancies rising and a record amount of space coming online, the development pipeline is shrinking and developers prepare for a soft market. Vacancy rates for retail also rose during the third quarter.
WASHINGTON, DC-District of Columbia officials have set new restrictions on data centers, arguing they need to prevent large windowless buildings from turning promising undeveloped land into dead zones.
SAN DIEGO-Luxury units costing up to $3 million for a two-story penthouse in the Bankers Hill area are selling fast--months before the start of construction. The 120-million project features twin 14-story towers.
ORANGE COUNTY, CA-USF Reddaway Truck Lines paid $2.8 million for industrial space in Fullerton to house its regional cross-dock operation. Occupancy is scheduled for January 2001.
DENVER-A historic building developer pays about $15.3 million for a 108-year-old building that will be converted into office condominiums. Buyers should be able to get space for the same amount of their leases, says developer Charlie Woolley.
BOSTON-Despite recent reports, those involved in the search for financing for the anchor hotel in South Boston's convention center are cautiously optimistic.
NEW YORK CITY-Radiant has confirmed that it can pay for its planned acquisition of First Union properties and will be credited with the proceeds from the sale of the Huntington Garage.