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DENVER-The Colorado Coalition for the Homeless has initiated the city's first multifamily housing project that provides units for the homeless. The $7.5-million, 81-unit Off Broadway Lofts will be ready to occupy in November.
SAN FRANCISCO-Class A office space here is running $70 per sf, while in Midtown Manhattan and Boston, occupancy costs run about $80 per sf, according to a study released yesterday by DTZ Debenham Tie Leung, The Staubach Company and AEW Capital Management LP.
OVERLAND PARK, KN-Although the number of permits issued in 2000 is up significantly from the previous year, most of them were for remodeling and miscellaneous permits. New permits were down by one, to 99.
UNION CITY, CA-There is a BART station across from the site on which the city spending $20 million to turn into a major transportation hub. The site is also adjacent a 30-acre parcel on which high-density housing is planned.
HOUSTON-Stewart International makes a play for business in the Dominican Republic. The new office is a joint venture that has been grounded in local market representatives.
CHICAGO-J. Paul Beitler of Douglas Elliman-Beitler, Inc. tells about 300 real estate professionals here that 2001 is the year to "buy something and leverage the daylights out of it." But his message may not be getting through to the public.
ATLANTA-The company closed a $320 million, three-year revolving line of credit and a $185 million, 364-day line of credit. The REIT secured a more favorable pricing level of 75 basis points over the London Interbank Offered Rate, five points under its existing rate.
LEESBURG, FL-Lake-Sumter Community College is rushing to complete the 31,500-sf facility by year end after receiving a donation from the Central Florida Health Care Foundation. Leesburg is 45 miles northwest of Downtown Orlando.