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BOSTON-As further indication of a recent trend to develop office buildings west of Downtown, Talanian Realty is developing an office building in the Beacon Hill neighborhood here. The five-story building will total 20,000 sf of space.
DENVER-CarrAmerica Development is finishing out a 73,000-sf office structure for a 115-attorney firm that plans to relocate some 60 lawyers from its downtown Boulder office to the new site. The building will be ready to occupy by month's end.
WASHINGTON, DC-Published reports quote Senate Republican Leader as stating he favors a 5% capital gains reduction. An NAR spokeswoman notes that any tax reduction would be help create more disposable income.
BUCHANAN, NY-As officials from the Nuclear Regulatory Commission began an inspection of the Indian Point 2 nuclear power plant, Consolidated Edison responded to harsh criticism leveled yesterday by Westchester County Executive Andrew Spano concerning the facility's safety.
NEW YORK CITY-News that Millennium Partners closed on a $400-million loan to acquire a portfolio including the Ritz Carlton on Central Park South and the Ritz Carlton in Battery Park City is just one more reason to herald the city's hotel market.
WASHINGTON, DC-Public comment between September and November 1999 lead to the Jan. 12, 2001 HUD withdrawal on of a proposed rule on sources of homeowner down payment.
CHARLOTTE-The number of hotel rooms in the Queen City is at a record 26,500 or 10% above the 1999 count, and growing larger. More than 4,500 new rooms are in the construction and permitting phase and another 1,200 rooms are on the drawing boards.
AURORA,IL-The opening of a 116,000-sf Home Depot store here Thursday is the first building to open in the Orchard Road Corridor. Also coming is the city's second Meijer food store, a Hampton Inn & Suites and Marriott Courtyard.
ORLANDO-Net absorption will probably come in at 1.8 million sf in 2001 and 1.5 million sf in 2002, down from a record 1.98 million sf last year. New-space completions this year will reach 2.3 million sf and 1.9 million sf in 2002, versus 2.7 million sf in 2000.
AUSTIN-A flurry of leasing activity in the state capital has resulted in 12 leases being inked for office space in several submarkets. The largest leases put Arc of Texas into 7,000 sf and Cox Texas Publications into 6,000 sf.