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CANTON, MA-This area, 15 miles south of the city, is witness to another development as Conroy Development Corp. finishes work on a 175,000-sf Class A office building here on 130 Royall St.
MOUTNAINVIEW, CA-The online company based in Mountainview, CA rolled out its residential closing service a year ago and is now beefing up management en route to launching commercial closing services.
PHOENIX-A three-million-sf complex that includes retail and office space and hotels will surround the new site of the Phoenix Coyotes ice hockey arena in Glendale, while the former Scottsdale site remains vacant for now.
SAN ANTONIO-In back-to-back deals, Provident Realty Advisors has bought 32 acres and sold 14 to Lowe's in the economically depressed northeast submarket. It's a San Antonio first for both, with the end result to be a 320,000-sf retail project along Austin Highway.
NEW YORK CITY-Insignia/ESG's First Quarter Market report sees an increase in leasing activity, but space returning to the market resulted in overall negative net absorption throughout Manhattan in March.
CHARLOTTE-The fourth-quarter 7.65% overall vacancy level could reach 10% or 11% this year before edging downward again, CB Richard Ellis Inc. analyst Ryan Clutter tells GlobeSt.com. Downtown's vacancy is only 2.17%.
PHOENIX-In spite of strong development, demand for apartments in the Valley was strong enough during the first quarter to push the occupancy rate to its highest point since 1997.
WINSTON-SALEM, NC-For near-term earnings, CFI Robert S. McCoy says the first quarter should be an EPS range of $1.17 to $1.22. For the year, that number is expected to be in the lower half of a $5.20 to $5.60 range.
YONKERS-Best Buy Co. Inc. plans to open a new location at 2458 Central Ave. as part of its continued Northeast expansion. The location will open either in late summer of fall of this year.
WASHINGTON, DC-The financial services firm will take 15,788 sf at Market Square North and 23,490 sf at 555 11th St. NW, according to Grubb & Ellis, the company that negotiated the deals.