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NEW YORK CITY-Here in a shopper's paradise, concern over the significant drop in retail sales has particular bite as retailers pay some of the highest rents in the world. Meeting overhead could break poor performers.
LAFAYETTE, CA-The locally-based industrial and suburban office REIT has secured several tenants for its WaterPark@Briarwood in Denver, CO, bringing the two-building, 103,181-sf development to 92% occupied.
DALLAS-WorldTravel BTI is targeting June 1, 2001, for a move to Two Lincoln Centre at 5420 LBJ Freeway in Dallas. The travel management firm has two offices in Dallas, but it's not certain if the 18,433-sf lease translates into an office consolidation.
HAMMONTON, NJ-Former Whitehall-Robins properties totaling over 466,000 sf follows disposition of Shulton property as the pharmaceutical and personal care giant reconfigures its real estate assets.
JERSEY CITY-D.F. Young is following the rest of the shipping business by leaving its Lower Manhattan roots for a location closer to where most of the Port Authority of NY/NJ's action is today.
DALLAS-A Hillwood land bank, growing since the early 1980s, has 4,840 acres now deemed as non-strategic assets. In a deal this week, the region's leading developer has agreed to list the acreage outside of its own Web site. Web-Real-Estate.com is the lucky agent.