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STAMFORD, CT-The market for class A office space in Fairfield County is extremely tight and is driving overall asking rents to nearly $30 per sf. However, area brokers say that in downtown Stamford and other prime locations the going rate is much higher.
NEW YORK CITY-While yesterday's trading may reflect a holiday slump, the trend since the spring has been a slowing of the economy. Now, consolidation and liquidation loom for most e-businesses.
NEWNAN, GA-The first component of a mixed-use project here is a six-acre office park geared to small high-tech business. The first buildings will be four one-story office structures designed and wired for high-tech use.
WASHINGTON, DC-Florida-based TelePlace lines up a former bakery as a data center location, moving near other telecommunications companies in the NOMA area. The company plans to spend $25 million to upgrade the 70-year-old building, which will be part of TelePlace's network around the world.
DENVER-Sage Hospitality Resources has opened a $10-million, 123-room TownePlace Suites by Marriott, salvaging a piece of Denver history with the undertaking. The project is encased in the A.B. Hirschfeld Press Building.
Richmond, VA-The Atlanta-based REIT paid $114.77 per sf for the four-story, class A property at 5309 Commonwealth Dr. here. The power generating group is taking the entire building for seven years. The structure sits on 7.5 acres in the Waterford Business Park.