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PORTLAND-Portland State University will use the $300,000 grant in part to help fund development of a new engineering building. The city and state already have committed $12.2 million to the $70 million project.
CHARLOTTE-Although class B space is plentiful and rents are lower, the product isn't getting many takers Uptown, brokers say. Owners are starting to increase commissions and may even begin dropping rents.
ARLINGTON, TX-A recently closed land deal pushes AmeriCredit to the starting gate on a 200,000-sf expansion. The corporation, owner of 61 acres in south Arlington, could end up as one of the city's top five employers when the project is done.
CHARLOTTE-Vacancies are expected to rise with seven products totaling one million sf under construction. The current 10% vacancy level could reach 12%, a level that doesn't seem to concern market watchers here.
ANTIOCH, CA-As a condition of the new Williamson Ranch plan in East Antioch, the City Council here is requiring developer Taylor Properties of Sacramento to develop sit-down restaurants like a Denny's or a Marie Callender's.
NEW YORK CITY-Overflowing crowds are packing the trade show floor as retail and real estate execs come together for the International Council of Shopping Centers' New York Idea Exchange.
AUSTIN-One by one, the sealed deals keep stacking up for Austin-based USOL Holdings' subsidiary. This time, US OnLine secures a 15-year pact to deliver IT service to 440 units in Duncanville.
WHITE PLAINS- Executive Andrew Spano announced yesterday (Tuesday Dec. 5) that the county has allied with MrOfficeSpace.com to link a listing of available commercial office space in Westchester with county government's web site.