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HOUSTON-A new tenant has moved into 36,600 sf at ComTech Center in the city's midtown section while another tenant has grabbed 28,511 sf at Loop Central One. The buildings rent for $18.50 per sf and $18 per sf, respectively.
DALLAS-The Dallas-Ft. Worth multifamily market is becoming a property owner's nirvana. Occupancy and rent will remain healthy as long as construction creeps at its present pace, says M/PF Research in its latest analysis.
STAMFORD, CT-Chase Commercial/TCN Worldwide has been appointed exclusive tenant representative for the Supercuts hair salon chain in its expansion program in the state of Connecticut. The chain plans an aggressive rollout plan.
AUSTIN-US Filter/Ionpure and Texas Stone and Tile are boxing up belongings in preparation for May move-ins to leased industrial buildings in Pflugerville and northeast Austin. One tenant gets a whole building and the other gets half of one.
MIAMI-Miami-Dade County manager Steve Shiver's memo suggests the county lacks validation on assumptions made about the proposed cost of a 40,000-seat professional-league baseball stadium and the actual amount of tax-backed revenue needed to pay for its development.
FORT LAUDERDALE, FL-An operating unit of El Paso Energy Partners is asking final approval on a plan to develop 65 acres adjacent to Port Everglades for the storage and distribution of 1.1 million barrels of petroleum. Fort Lauderdale is 26 miles north of Miami.
SANTA ROSA, CA-Two office buildings on its Airport Corporate Center property have been completed and occupied and a third, manufacturing building is nearly complete. A fourth building will await better economic conditions.
HOOD RIVER, OR-Dozens of people who own property within the Columbia Gorge National Scenic Area beat a key deadline that will force the Forest Service to buy their land or allow it to be more easily developed.
CLEAR LAKE, TX-First Allied has picked up a 78,000-sf shopping center that is positioned at the back door of NASA. Good location, good tenant mix and good Houston economy fuel the acquisition.
ATLANTA-A study by M/PF Research of Carrollton, TX finds first-quarter monthly rents averaging $808 overall and $915 at properties built in the last 10 years. The rent increases of 2.8% compare with increases of 4% to 5% between 1998 and 2000.