Search Results

JACKSONVILLE, FL-Ladson F. Montgomery, president of Grubb & Ellis/Phoenix Realty Group, says his firm's statistics show a third-quarter Downtown vacancy factor of 6.9% and 12.2% in the robust suburban submarkets. Jacksonville is 2-1/2 hours north of Orlando.

EVERETT, WA-Sav-on Drugs, a drugstore chained owned by Albertson's Inc., is developing its first store in the state here, en route to dozens throughout the state. Plans are to begin construction of a Bothell location by the end of the year.

FORT LAUDERDALE, FL-The county is losing an average 100 acres of raw land a month to all types of construction. Fearing excessive development, local government will seek voter approval Nov. 7 to borrow $400 million for green-space preservation.

NEW YORK CITY-Not even a recession could hurt the market, survey respondents believe. REITs are projected to offer a 12% return next year.

SAN JOSE, CA-After a summer of blackouts and electrical-power problems, California Energy Commission analysts are recommending approval of Calpine Corp.'s proposed power plant in North Coyote Valley. City planning officials will consider the project on Nov. 15.

OAKLAND, CA-After 18 years in the Bayview Hunter's Point neighborhood, the San Francisco-based baker of desserts to die for will be bringing its production facility and almost 250 jobs to East Oakland.

DALLAS-Tom Hicks' Olympus Real Estate Corp. scores with a 296-room hotel purchase in the Telecom Corridor, the first in a series of planned buyouts in a partnering with Minnesota-based Carlson Hotels Worldwide.

WHITE PLAINS-A tentative contract agreement was reached on Tuesday evening between striking service workers and the Building and Realty Institute of Westchester, which represents the ownership and management of 532 cooperative, condominium and rental apartment buildings in Westchester and Rockland counties.