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AUSTIN, TX—While new industrial space in Austin is not often developed on a speculative basis, the current construction pipeline suits the city's demand trends with 2.4 million square feet of office space now underway.
LOS ANGELES—Leasing volume hit 19.5 million square feet in 2015, the strongest leasing year since 2001, according to the latest office report from Savills Studley.
FLORHAM PARK, NJ—The Rockefeller Group and LodgeWorks Partners will develop ARCHER Hotel at The Green at Florham Park, one of the only new-build hotel projects in Morris County, NJ in recent years.
PHOENIX—Construction unemployment is down to 6.2%–nearly at economic full employment–and activity is up in virtually all areas with the possible exception of the oil centers.
CALABASAS, CA—Aside from the obvious impact on office markets in cities such as Houston, the oil supply glut could send shock waves through the broader US economy, says Marcus & Millichap.
NEW YORK CITY—The investment sales market in Brooklyn surged to a new record in 2015 with total sales volume reaching nearly $9.7 billion, a 52% increase from 2014's year-end totals.
STATE COLLEGE, PA—Six new The Greene Turtle sports bar and grille locations are coming to Central Pennsylvania, as the Maryland-based restaurant chain continues an aggressive expansion drive throughout the Northeast.