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SEATTLE, WA-Whether redeveloping, leasing or building to suit, Ruggerio paints a picture of a very active big-box market, but one where companies are paying close attention to the bottom line and staying lean when it comes to paying for space.
AUSTIN-Seattle's Best Coffee lines up a franchise partner to develop 13 cafes in Austin and three in Waco. The first of the RTG Business Enterprises-owned cafes could open by January. Competitor Starbuck's has 27 locations in the markets.
FULLERTON, CA-The real estate investor pays $2.7 million for the Fullerton retail complex. Tenants at the fully occupied center include Linder Furniture, the Recycler and L.A. Carpet.
NEW YORK CITY-The owner of prime SoHo real estate has fired one broker and hired another in hopes of securing a build-to-suit deal. The new marketing team is guardedly optimistic about closing a deal despite the current economy. The former broker, however, says the owner's greed has scuttled every offer to develop the property.
PHOENIX-The Phoenix region's retail market is holding its own in tough times. Vacancy is up just a shade, says CB Richard Ellis in a Q3 analysis. Two regional malls opened with occupancies above 90%. Even 60 shuttered store were quickly snatched up.
MOUNT LAUREL, NJ-The township wants to bolster its non-commercial uses and has hired a top engineering firm to analyze the situation and make recommendations.
ORLANDO-Five days after a 40,000-sf store mysteriously burned to the ground in south Orlando, fire department investigators continue to probe and analyze the debris for clues that may show the pre-dawn blaze was purposely set.
ROSEVILLE, MN-Staubach Co. represents the retailer in the deal, which includes a signature in-store waterfall, soft woods, natural stone and ambient lighting in the 5,709-sf space's interior design.
CRYSTAL LAKE,IL-In addition to a federal suit involving plans in Hoffman Estates, homeowners near a site in this far northwest suburb object to plans for a 24-hour, 195,714-sf store, and the zoning board recommends denial.
SAN DIEGO-One of the city's largest private employers, and one of the nation's largest computer makers will lay off up to 25% of its work force and refocus its business.