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WHITE PLAINS-A panel of Westchester-Fairfield real estate brokers and developers agree that the year 2000 was an exceptional year for leasing volume and absorption and that it will be tough to beat this year.
WASHINGTON, DC-The District dropped from second to fourth place as a draw for foreign real estate investment. Some cite the perception that the city is not a high-technology center as the reason for the drop.
JACKSONVILLE, FL-The Virginia-based Internet provider was scheduled to close the deal Jan. 15 for $2.5 million or $138.89 per acre ($3.19 per sf). The planned 123,000-sf structure, to house 1,700 employees, is expected to break ground this week.
DETROIT-John Carroll brings nearly 30 years experience in regional economic development to roles as senior vice president of business development of the Detroit Regional Chamber and executive director of the Detroit Regional Economic Partnership.
DALLAS-Prestigious CBD addresses get more expensive each year. New York City's Midtown, Boston and San Francisco join an international lineup of the Top 10 most expensive places to office.
SEATTLE, WA-While its size only merits a ranking of 33rd among the largest real estate markets in the U.S., Seattle's year-end 2000 figures indicate, at least for now, a growing, low-vacancy market.
SAN FRANCISCO-By the time the project is complete, Integrity Office Solutions will have completely renovated the Pacific Exchange's server room, remodeled the Data Center, relocated the Network Control Room and made multiple improvements to the Printer and Tape Storage Rooms.
HILLSBORO, OR-In December, the Florida-based corporation acquired a 4.17-acre parcel once planned for a full-service Marriott hotel for $3.8 million. The company isn't yet talking, but sources Regency has preleased 80% of a planned 46,500-sf development.
STERLING HEIGHTS, MI-Infrastructure has been completed for a 33.5-acre development in a tight industrial market here. Developer Kemp/Peyerk is putting up three buildings on speculation to start.