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CHATHAM, NJ-State Farm signs up for almost 50,000 sf of office and back office space in three counties. The largest site will be a claims processing center into which tenants will move in early next year.
OAKLAND, CA-Construction has begun on a new $12 million, 140-room hotel that will include residential-style living quarters, a hospitality center and a 24-hour convenience store. The three-story hotel is expected to open in October 2001.
CARLSBAD-A fast-growing local chain plans to slow down its opening of new restaurants, following sobering financial projections. Higher labor, food and energy costs are the problem.
ORLANDO-St. Joe Commercial, the largest commercial landlord in metro Orlando, is about to get bigger in 2001. The company is negotiating to buy four area office buildings and plans to break ground on three major office projects.
LOS ANGELES-With some utility companies considering rationing supply this long holiday weekend, millions of California commercial and residential property owners face the possibility of energy blackouts. Meanwhile, Standard & Poor's may lower their credit ratings, compounding the problem.
LOS ALTOS, CA-After 12 years, the City of Sratoga's planning director James Walgren is leaving to do the same for the the City of Los Altos. He will step in and do the same for this city beginning Jan. 8.
HICKORY, NC-Hickory Metro Partners Inc. is putting up a $7-million structure here on Lenoir-Rhyne Boulevard, just off Interstate 40 and about 50 miles northwest of Downtown Charlotte.