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CHARLOTTE-The Queen City has about 31 million sf of office space with roughly 12 million sf located in the central business district, according to a CB Richard Ellis Inc. analysis. The overall vacancy rate dropped to 8.1% in first quarter 2000 from 9.1% at yearend 1999. The CBD was 4.3% vacant, down from 4.5% at year-end 1999.
VALHALLA, NY- The foundation of Westchester developer Louis R. Cappelli has awarded grants of $132,500 to 24 not-for-profit groups and community programs.
HOUSTON-A Houston developer, out to capture an elite mix of retailers, has found the key to success for a redeveloped shopping center in the world of soft goods suppliers. The most recent retailer to sign is the Gap, which will bring along with it a Gap Kids. In all, the fourth quarter and 2001 start will see more than 20,000 sf of new retail space being added to the upscale shopping plaza.
ATLANTA-The 69 office-building development in Fayetteville will be selling mostly one-story structures to small businesses for $130,000 to $200,000-plus. The space range is 1,130 sf to 2,600 sf.
BRIGHTON, CO-Long viewed as a low-rent area, this CO community is doing a turnaround, catching the eyes of an investment group. The town, situated 20 miles northeast of Denver, sees a 66-unit apartment complex fetching $2.1 million that the broker says is in the region's development path.