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AUSTIN-The Mattress Firm has wrapped up a relocation of its warehouse facilities from the city's northern tier to the north central submarket. The retailer now occupies 20,400 sf at Rutland 6. The signing takes the 76,500-sf building to full lease-up.
DENVER-Average monthly rent outside Denver's borders has set a new high, $750. Eagle County's $1,000.71 per month surpasses even Aspen. Rents could go up even more as vacancy rates drop.
PHOENIX-A Los Angeles-based real estate investment company has purchased a West Valley apartment complex for $7.9 million, as demand for apartments and rents rise in the area.
OVERLAND PARK, KS-The total number of permits issued are 53 fewer than last year. The only area of growth is new construction permits, where the 29 issued this year are four more than the first quarter of 2000.
SEATTLE-John Dunton and Rolland Jones have found nearly 20 sites for the national office supply retailer in recent years, but the two recent locations they found for the Framingham, MA-based company are definitely geared for the future.
ATLANTA-The state's commercial and industrial utility customers will have more than energy to keep the lights on this summer, unlike the under-supplied, deregulated utility markets in California.
PHOENIX-One of the nation's largest financial institutions is leaving Arizona to focus on its Midwest locations and is selling its assets to the sixth largest bank in the state.
COLUMBIA, MD-Two weeks after the company that leases its hotel properties announced it is losing money and must have its rent lowered, Humphrey Hospitality Trust Inc. is exploring alternatives for its 92 hotels.
HOUSTON-More industrial space is headed toward Houston, with predictions calling for 5.1 million sf. It's the biggest surge since 1999, when 5.8 million sf had delivered. It looks like Houston could remain the nation's leading industrial arena.
CAMBRIDGE, MA-Yet another tech firm has bad news as Art Technology Group plans to layoff 150 employees with most of the cuts happening in its headquarters here. The layoffs are part of a company-wide reduction plan that will include real estate consolidation.