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WASHINGTON, DC-The company's president says that funds are up from operations, share values are up, occupancy rates are up, rent is up and things are looking very good for CarrAmerica.
WASHINGTON, DC-Southwest Washington landed a huge deal when the Federal Emergency Management Agency leased 310,000 sf in Potomac Center, becoming the anchor tenant for the $220 million project.
DETROIT-The 11-story, $44-million facility is the 40th Marriott in the Detroit metro area. It features 290 rooms, 15,000-sf of meeting space, 13 private meeting/banquet rooms and a grand ballroom.
SAN DIEGO-The region's economy continues to chug along as vacancy rates for virtually all sectors of real estate drop. Thirty thousand new jobs are expected to be added this year, on top of the 36,000 created in 1999.
NEW YORK CITY-While some predict recession and real estate demand is loosening, Gotham is king today as Fortune Magazine announces it has ranked the city as tops for business.
HOUSTON-The city's inventory of existing homes is the largest since 1997, indicating a possible market softening despite home sales that are outpacing last year at this time. The end result is a possible historical high.
DALLAS-Breaking up is hard to do, but that's what is happening with the two-year-old Panattoni Hillwood joint venture. Tal Hicks and his staff will be absorbed into Hillwood and Panattoni will open a Dallas office.
AUSTIN-The Haynes and Boone law firm is mimicking the high-tech industry, setting up an office, work environment and dress code to appeal to the 20-something IT entrepreneur. The Loop 360 office is being modeled after the firm's successful Telecom Corridor office.
DENVER-The city's CBD office market may become as strapped as Washington, DC, Boston, Manhattan, Austin or Southern California by the end of 2001. The absence of new construction and the CBD's emergence as the metro's entertainment district drive the prediction.
LOS ANGELES-After promising SR Technics more than $5 million in incentives to open up shop in the area, Palmdale leaders find annexing the land for the aerospace company's plant won't be as easy as they thought.