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PHOENIX-Already considered the toniest address in the Valley for office space, the intersection of 24th Street and Camelback attracts two more major corporate tenants.
BOSTON-One analyst anticipates about 200,000 sf of space returning to market, which will drive up vacancy rates. Nonetheless, the local market is in good shape and is expected to improve slowly after the summer.
DALLAS-Lee Thurburn, former founder and CEO of FlashNet Communications, says he's been courted by many since he's sold the 400-employee, 250,000-customer operation. Web Real Estate is the winner as it preps for that same rapid growth.
SOMERVILLE, MA-A petition to build a Home Depot on the site of the former Assembly Square Mall here has been denied by the Zoning Board of Appeals. The developer argued that use of the site would not have been significantly altered.
DETROIT-In a recent speech, Mayor Dennis Archer foresees more commercial, residential and retail development in the city despite the current "pause in recent economic expansion.
SEATTLE-In an effort to keep aerospace giant's world headquarters on the West Coast, representatives from Los Angeles Mayor Richard Riordan's office have suggested four potential real estate sites to Boeing in a variety of Southland areas.
KANSAS CITY-Officials hope the exhibit and traveling store increase admissions and sales at refurbished Union Station during its five-month run. A Union Station restaurant is named for a guest of honor at the Titanic launch.
BOSTON-Last year, Boston's Downtown office properties weren't even ranked in the top ten for investment by Integra Realty Resources. But, this year, the city came in number two. It's also ranked seventh for investment in the suburban office market.
WASHINGTON, DC-David B. Cardwell will join the National Multi Housing Council as its vice president of finance and technology. Most recently he had been Freddie Mac's senior manager of product development.
CHARLOTTE-All of a sudden, Statesville, NC (Pop. 23,000), 35 miles north of Downtown, is a magnet for land-hungry developers. Nearby Mooresville, NC is another hot pocket. Distribution and industrial sites are commanding attention.