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CHICAGO-Which is bad news for those locales that boasted only a few months ago that they were the centers of the tech universe. In downturns, it's nice to have eggs in a number of baskets.
HILLSBORO-Meanwhile, the Santa Clara, CA-based chipmaker has halted office development projects all across the nation -- including a $400 million project in West Union -- due to the slowing economy.
SEATTLE, WA-Last month Fortune Investments paid slightly over $2.26 million for the land on which it plans to construct an 80-unit apartment complex. The sales price reflects a four-fold jump from the seller's purchase price of $556,000 just two years ago.
ORLANDO-Sarasota-based Floriday Development Co. paid Nerbonne NV, an offshore trust, $4.12 million or $205,224 per acre for a 20.1-acre parcel on south International Drive where it plans to develop a 300-unit condominium hotel.
ARLINGTON, TX-Ft. Worth-based JaGee Properties has just finished a redevelopment in Arlington and is counting the days to a groundbreaking for the 16-acre, 28,000-sf Shops on Cooper. The latest undertaking is a high-end center in the heart of the city's primary shopping district.
ORLANDO-Large-scale distributors are turning to third-party logisticians to achieve maximum efficiency, Realvest Partners Inc. founder/chairman George D. Livingston tells GlobeSt.com.
LEAGUE CITY, TX-Marcus & Millichap has negotiated the sale of a 925-unit storage facility to an out-of-state buyer. The Houston region is attracting more and more buyers from out of state, thanks to a robust economy.
CHICAGO-Vacancy rates hover around 12.6%. But buyers of suburban office buildings here may be busy in 2001 even while tenants will be more cautious this year, says real estate firm Cushman & Wakefield.
COSTA MESA, CA-Eleven-year construction industry veteran served as scheduling/project manager for Disney's California Adventure theme park before accepting new post with Andrew L. Youngquist Construction, Inc.<p>
BELLEVUE, WA-A $45 million sales price for The Seasons, a 227-unit downtown complex, would set a new record at $200,000 per unit. Simpson has already turned down offers and plans to hold out for the big bucks.