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LOS ANGELES-Hotel owners and investors in Southern California are expected to enjoy another round of solid gains next year, as strength in both tourism and business travel push occupancy levels and room rates higher. Renovations should boom in LA, while Orange County bets big on Disney's new theme park.
PORTLAND-The greater Portland area saw a large influx of rooms in the late 1990s and now is absorbing that extra space, albeit at a slower pace than originally anticipated. If it's a predictable cycle, however, better times are near.
AUSTIN-AMLI Residential Trust has gained $35 million in selling two apartment communities in the hot Austin market. Part of the proceeds has secured the keys to a Houston complex, while another pending buy will close in January.
PHOENIX-Census Bureau figures released yesterday show that Arizona is the second fastest growing state in the nation, behind Nevada, and now has a population that tops five million.
GREENWICH, CT-Newmark & Company Real Estate has been selected as the exclusive leasing and managing agent for 1 East Weaver St., an 82,606-sf office building located in the Downtown district here.
CULVER, OR-Seaswirl Boats' 245,000-sf manufacturing facility here - which employs 260 in a town of 883 - sits idle while its parent company, Outboard Marine Corp., begins the process of reorganization under Chapter 11 of the U.S. Bankruptcy Code.
RALEIGH, NC-Seven North Carolina State University graduate students have been given a classroom assignment that calls for rethinking a developer's redevelopment plans.
TACOMA, WA-The FTZ designation lets companies who operate on the properties to ship, store, manipulate and add value to imported goods while delaying or even eliminating payment of US Customs duties.