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SAN FRANCISCO-A Southern California development firm has applied to build a $150-million hotel and condo tower in SoMa. The project, which would take 25 months to complete, will total 600,000 sf of space and be located at Fifth and Howard streets.
MENLO PARK, CA-The company didn't announce its 27.2% jump in per-share FFO until after the markets closed Monday, but its stock still rose by an anticipatory $1.12 to $52.43, less than $7 off its 52-week high in September.
MINNEAPOLIS-Foreign buyers, increased spending on highways and difficulty in opening new mines are among factors that drove a 6% increase in construction last year, a trend US Bancorp Piper Jaffray says is likely to continue.
DETROIT-A slowdown in the automotive market halts a $100-million Daimler-Chrysler office complex. The company has plans for a 420,000-sf building for its financial services department on hold.
ROUND ROCK, TX-A new furniture retailer has signed for 18,000 sf in the 175,000-sf The Renaissance Square in bustling Round Rock. Principals with a decade of experience in sales and manufacturing in North Carolina's furniture industry are behind the startup.
AUSTIN-MuniMae has ticketed $268 million to finance five multifamily housing projects, four of which are in Texas. Austin's Ft. Branch Landing and San Antonio's Timber Ridge projects make the list.
AUBURN, WA-The Office Max-anchored, 45,951-sf center in the middle of the shopping district here is listed at $7.29 million. The 3-year-old property's owner is ready to sell and move on to his next project.
BOSTON-Plans for the Surface Artery will not be ready this spring, as scheduled. The 30-acre parcel, which opens up when the Central Artery goes underground, includes some of the most valuable land in the heart of the city.
HOUSTON-Office rent is expected to go up in Houston, according to the latest summary by Cushman & Wakefield of Texas Inc. Year 2000 had ended with the strongest net absorption in two years and the pace will continue
LOS ANGELES-Lawmakers are putting the finishing touches on a controversial plan that would essentially give the state stock options in the two big utilities. Separately, Fed Chairman Greenspan says California's troubles could threaten the economic health of the entire country.