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AUSTIN-Depreciation, amortization and increased costs for selling, general and administrative segments puts USOL Holdings at a $13-million year-to-date net loss. On a positive note, revenues have jumped 86% for the nine-month accounting, a positive sign for the cost of doing business.
DALLAS-The commercial and residential real estate markets are cooling off, except for apartment demand, so says the latest report by the Federal Reserve Bank. The conclusion may help to offset that "at risk" ranking leveled by the FDIC earlier this fall.
NEW YORK CITY-Mayor Rudolph W. Giuliani responded publicly today to new employment figures released by the state's Department of Labor showing job creation rates are still on the rise. The crunch for space continues.
ATLANTA-The Airport Distribution Center's Building Two filled up fast as two national companies sign leases totaling 405,000 sf. The estimated aggregate value of the transactions is $15.4 million.
SAN FRANCISCO-Cashing in on the real estate boom, the San Francisco company will give up its 49th floor digs and move down eight floors, where Morgan Stanley Dean Witter & Co. also will reside.
ORANGE COUNTY, CA-Deals totaling $35 million were brokered by Colliers Seeley's Irvine office and include leases by expanding local companies, as well as a parcel that one developer sold to another developer.
SAN DIEGO-The hot University Towne Center area gets even hotter as another biotechnology firm signs a lease near retail-rich University Towne Centre mall.
SAN FRANCISCO-REITs, REOCs, property management companies and industry consortiums can license the new platform to establish private e-marketplaces, where users can enter important information critical to property management, asset date and descriptions.