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DENVER-SafeRent, founded in October 1998, had closed the year 2000 by raising $12 million in two funding rounds. Part of the capital is earmarked for a second versioning of its applicant screening software.
CHARLOTTE-The area's development pipeline shows no signs of slowing down despite national signs of a wavering economy. At least four major commercial projects are either under way or coming out of the ground shortly.
VANCOUVER, WA-The one-year extension of the surcharge should allow the county to implement several audit recommendations, including a project-by-project cost-accounting system that should help determine why the county was losing $100,000 a month on review of development applications.
YONKERS-The city's IDA has closed on the $15-million acquisition of the former Lockheed Martin complex and has signed a lease there that will keep a major aerospace contracting firm in the city.
NEW YORK CITY-The firm closed more acquisitions during the fourth quarter than in any other quarter in its history. That performance is expected to send its percentage growth into double digits.
IRVINE, CA-The developer of the first two phases of the Irvine Spectrum Center is expecting to complete construction of Phase III, a $22-million expansion of the retail/entertainment center, by November 2001.
DETROIT-An amusement park that fell on hard times is being transformed into a $500-million residential and commercial development. The entire project could take as long as 30 years to complete.
TROY, MI-This Motown suburb ranks third in office space in the Southeast Michigan market, just behind Detroit and Southfield, at 11.9 million sf. Nonetheless, the submarket boasts a 6.1% vacancy rate.
MAPLE GROVE, MN-United Properties is managing and leasing the development on a site owned by Lutheran Brotherhood. Carl Zeiss IMT Corp. will relocate operations and 150 employees from Brooklyn Park.
ORANGE COUNTY, CA-The latest survey of the county's industrial market by Voit Commercial Brokerage shows a healthy market with six million sf absorbed and availability hitting a record low for the county in the fourth quarter.