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CHICAGO-Office vacancy rates hit an 18-year low Downtown last quarter, while vacancy rates in the suburbs rose after falling sharply in the first half.
STERLING, VA-The Claude Moore Charitable Foundation wants to rezone 600-acre tract next to Dulles Airport for higher density development. The Loudoun County site lies near the heart of a fast-growing area of a county known for resistance to development.
MIAMI-Codina Construction has started a 140,000-sf build-to-suit office/industrial facility for the locally-based distributor in Beacon Station at Gran Park here. The estimated hard construction cost is $14 million. Completion is expected by next September.
BEAVERTON, OR-With all three projects leasing up, AmberGlen owner Birtcher Properties and leasing agent Grubb & Ellis are preparing to break ground on the park's third mid-rise office building.
SANTA CLARA, CA-The Florida-based storage networking firm has opened a new customer service center here with some of the $35 million in venture capital its raised this year.
LOS ANGELES-CalPERS, the State's employee pension fund, is investing $125 Mil with a local investment management group to fund urban redevelopment projects throughout the CA.