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ORANGE COUNTY, CA-Although there will not be a lot of new product coming on line, the new year looks positive for local hotels--thanks in large part to Disney's new theme park and the expanded convention center.
SAN JOSE-Crate & Barrel is one of the retailers that have signed on for significant space in the $700 million project's 680,000-sf of retail and restaurant space. Construction began last summer on the 40-acre site.
HOUSTON-The Uptown Houston Association has a number of proposals on the table to solve traffic problems in and around the 23-million sf Galleria, a shopper's mecca. The issue is a primary focus these days with the organization.
DALLAS-Job growth and high interest rates have been a boon to the nation's multifamily market. In the southwestern US, apartment-dwellers are paying more as construction cuts choke supply. More of the same is predicted for 2001.
DENVER-The metro area is holding its own in the commercial real estate arena despite a 19% drop in deals and a 22% decline in sales volume. The year 2000 still is being considered as solid by one market watcher.
HOUSTON-The US Postal Service is trying out its new store concept at the Westchase facility, opening in January 2001 after being under construction for the past couple of years. The mission is to reduce waiting time via checkout line strategy.
ASPEN, CO-Residents and environmental groups have successfully pulled the plug on a $1.5-million visitors' center planned for the base of the Maroon Bells. The US Forest Service, caving in to pressure, will take its idea to the Highlands ski area.
SAN FRANCISCO-New economy companies are not the only ones packing up and leaving this high-rent city. The sinking Internet economy also has forced incubators Campsix and E-Colony to downsize their respective offices.