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SAN FRANCISCO-The 2001 forecast report predicts that real estate market fundamentals will remain healthy in the next 12 to 18 months, although increased risk exists due to the economic slowdown and corrections in the technology and dot-com sectors.
NEW YORK CITY-During Mayor Giuliani's parting State of the City Address delivered in City Hall last night, he gave a sweeping vision of new construction projects to come in every borough of the city.
NEW YORK CITY-Cushman & Wakefield, based here, has signed a letter of intent with the Atlanta-based company, The Apartment Group. The two companies will merge their multifamily brokerage operations.
HOUSTON-Amtech Elevator has inked a multi-million-dollar pact to service the entire 10-building Greenway Plaza. The company had all but 500,000 sf of the near 4.3-million complex.
ATLANTA-The new entity plans to tap 20 national markets this year. Terms of the merger were not disclosed. The 16-person Apartment Group will remain based in Atlanta.
CHICAGO-In a deal that involves several office, industrial and retail property in the Atlanta market, Banyan Strategic Realty Trust has agreed to sell its entire portfolio to privately-held Denholtz Associates.
BALTIMORE, MD-Fujitsu Network Communications will soon be occupying 46,000-sf in the International Trade Center near the Baltimore Washington International Airport, according to officials from MIE Properties. The company will occupy 2409 Peppermill Dr.
LEAWOOD, KN-A local equity fund with offices here in Johnson County and another in Memphis is digging into the food manufacturing market. Plaza Belmont Management Group has acquired Wichita-based food manufacturer CPI.
ATLANTA-The estimated $175-million deal for the three-building, 886,000-sf Atlanta Financial Center is expected to close by March. Overseas Partners Capital, the seller, bought the 97%-leased asset in 1996 for $123 million.