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SALEM, OR-With vacancy rates rising and a record amount of space coming online, the development pipeline is shrinking and developers prepare for a soft market. Vacancy rates for retail also rose during the third quarter, according to the latest survey by Coldwell Banker Commercial.
DALLAS-A manufacturer and distributor of picture frames needs more space, signing a lease renewal and expansion to provide 67,600 sf for its operation. Arquati Moulding is a tenant in the Frankford Distribution Center II
HOUSTON-Reliant Energy scores with Harris County, securing naming rights in a 32-year deal for sports and convention facilities. Among the structures that will bear Reliant Energy's name is Houston's new NFL stadium.
BOSTON-This Wednesday Boston Properties will place the domed top on its new 36-story tower in the Prudential Center. It is the largest speculative office tower under construction in Back Bay.
DETROIT-Administrators at Detroit Metropolitan Airport are considering plans to demolish two of three existing terminals. Smaller airlines have to approve plans for rebuilding.
MISSION, KS-The bankrupt chain and Great Mall of the Great Plains owner Glimcher Realty are near an agreement to allow the theater to continue operating at the mall. Glimcher is Dickenson's largest unsecured creditor.
ATLANTA-Braden Feldman Group remodeled the 1926 Atlantic Ice & Coal Co. building in suburban Decatur, added a five-story addition, and built a separate four-story loft structure on the two-acre site. Occupancy is scheduled for January.