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HOUSTON-A year-to-date overview bolsters Houston's real estate persona, showing 3.6 million sf of industrial space has been absorbed. More than 2 million sf has been constructed thus far this year.
LOS ANGELES--Two tenants take a combined 187,000 sf of Van Nuys space, the latest evidence of the San Fernando Valley's strengthening market for industrial properties.
HOUSTON-The Pennzoil-Quaker State headquarters is looking spiffy these days, with construction wrapping up on a major upgrade. The oil company is the sole occupant of the 690,000-sf office structure.
AUSTIN-An Austin-based IT provider has snagged pacts to deliver laptop comfort to six more Los Angeles-area hotels, bringing its contracted total to 16. Wayport also has come on line at at two Texas international airports, with promise of adding another major airport by year-end.
PHOENIX--Opus West, the most active developer in the state, is rapidly expanding its operations in California, as the recovery comes to full bloom and will take a more cautious approach to building in Arizona.
PORTLAND-In addition to the benefits for existing residents and businesses, the enhancements - including voice mail, high-speed Internet access and fiber optics - will allow rural economic development departments to actively court new employers that require such infrastructure.
NEW YORK CITY-Not every type of property offers opportunities, however. Investors should steer clear of limited service hotels and power centers as well as "nine-to-five" cities.