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DENVER-The latest fourth quarter report shows the six-county metro region has been the state's busiest. Vacancy may be higher than the third quarter tally, but there's no cause for alarm since it's just a seasonal thing, says the University of Denver analyst.
ROYAL OAK, MI-The Detroit suburb would get the first automatic parking garage as part of new $30-million condominium complex. The garage costs about the same as a normal parking structure but can park twice as many cars.
AUSTIN-It's a possible short-term phenomenon that has caught Austin by surprise, say commercial real estate professionals. But, it's one to be watched. In recent weeks, an estimated 1.3 million sf in sublease office space has hit the market, giving rise to talk and back-room huddles.
SAN DIEGO-Layoffs that could have a potentially negative effect on office and industrial vacancy rates have hit high-tech companies including Gateway Computers, Lucent Technologies Inc. and Sony Electronics Inc.
ATLANTA-The locally based REIT credits the 2000 performance to increases in rental property revenue from projects that became partially or fully operational during the year and from the continued strong performance of existing properties.
BOSTON-A new land bill would allow developers to voluntarily take their property out of the state's registered land system. This translates into more efficient, less costly transactions, according to an attorney who worked on the bill.
HOUSTON-A 232-unit neighbor to the prestigious Galleria has a for sale sign hanging on it. It's the submarket that's driving the demand, with rents spiking 10.5% in just the past three months, says the broker.
HAYWARD, CA-The Sunnyvale-based digital fiber optics company has signed a five-year lease at the park. More affordable rents are expected to keep attracting firms to the East Bay, which is close by Silicon Valley.
BELLEVUE, WA-With the goal of improving traffic flow and transportation issues in the downtown core and Bellevue's arterial Interstate 405, Access Downtown has hit its funding requirements to begin five years of construction projects.