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HOUSTON-Another California tech company has found its way to Houston. Endymion Systems is taking 5,422 sf at a Galleria building. The firm, based in Oakland, also has offices in Seattle and Irvine, CA.
NEW YORK CITY-One of the properties is a townhouse complex that was acquired for $5.4 million; the other is a 17-story rental that was bought for $12.7 million.
PORTLAND-This time last year, Equity Office Property's 22-story, 363,000-sf Downtown office building was at 80% occupancy. Today, a $2.3-million lobby renovation is underway and occupancy, at 88%, is on its way to 95% if leases under negotiation are signed.
BLOOMFIELD HILLS, MI-The brokerage firm moves almost $25 million worth of multifamily complexes in three months, including two deals each in Grand Rapids and Lansing. The 176-unit Hidden Valley Apartments sell for $10.9-million.
PHOENIX-City leaders in the suburb of Surprise consider deal to build a $45-million spring training facility for the two baseball teams, both of which currently train in Florida.
COLUMBIA, SC-The state grows more than 15% in the 1990s, topping four million in population, the latest U.S. Census shows. Beaufort County, home of resort-laden Hilton Head Island, grew the most at 40%.
BOSTON-Colliers International, based here, indicates that despite steady declines in office vacancies and increases in office rental rates, a number of economic problems have surfaced that could lead to a sluggish performance this year.
MONTICELLO, NY-A plan by gaming giant Park Place Entertainment Corp. to build a $500 million resort/casino in Sullivan County has passed a key milestone. An application has been field with Indian Affairs.
TACOMA, WA-Oxbow Capital Partners, a local venture capital company, cuts its commitment for space in the 130,000-sf building from 70,000 sf to 30,000 sf and the developers revert back to using the project's original name.
ORANGE COUNTY, CA-Gish Biomedical signs $4.6-million lease to move HQ to Rancho Santa Margarita. Separate pact gives the same firm 23,040 sf in Irvine Spectrum area.