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DALLAS-The metroplex's fourth quarter standing in the multifamily market places it at the top nationally in new deliveries. Demand has outpaced supply, but the fierce competition has adversely affected rent growth.
FT. WORTH-United Commercial Development's Cityview Lake Park is ready roll, with nearly $3.2 million in financing coming its way. Holliday Fenoglio Fowler has put together the package for the 330,000-sf project in southwest Ft. Worth.
SAN FRANCISCO-Nob Hill Spa, an 11,000 sf place of pampering, opens today adjacent the 12-story Huntington Hotel, in the former L'Etoile restaurant property atop San Francisco's Nob Hill.
CHARLOTTE-Sonshine Construction Co. bought the dirt and an existing 36,000-sf building on Crown Point Road for $2.6 million or $866,666 per acre from Marketing Specialists of Dallas. Sonshine plans to build four additional structures totaling 24,000 sf.
FT. WORTH-The annual Tarrant County Forecast opens Tuesday activities for real estate executives in the Dallas-Ft. Worth market. A NAI/Stoneleigh Huff Brous McDowell team makes the 2001 call retail, office and industrial markets at Ft. Worth's Botanic Garden Auditorium gathering.
NEW YORK CITY-REIT mutual funds had net inflows of $2.4 million, although assets had their first week-over-week decline in more than two months. Many investors are focused on what the Fed will do about interest rates.
HOUSTON-Utah's water rights legislation has sparked at least one title insurer to launch a new policy for water conveyance rights. Water rights are becoming more valuable than the land, says a company executive.
WHITE PLAINS-A panel of Westchester-Fairfield real estate brokers and developers agree that the year 2000 was an exceptional year for leasing volume and absorption and that it will be tough to beat this year.
ELK RIVER, MN-The plant, expandable to 160,000 sf, will be built for SoftPac,which makes liquid consumable products in stand-up pouches. The new plant's site is in the city's West Business Park.