David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
PORTLAND, OR—Nearly one quarter of all downtown office leases for 2012 were for tech companies seeking a creative office. The sector is driving the next generation of office space design says a CBRE report.
THE COLONY—Dallas-based Cencor Realty Services Inc. has closed on a tract of land, with plans for a large retail development on a 48-acre site at the corner of the Sam Rayburn Tollway and Josey/FM 423.
SEATTLE—Frank Stagen, whose legacy includes the Starbucks Center headquarters and Union Station has died. For more than 30 years he helped shape the city.
SAN FRANCISCO—Design and engineering software firm Autodesk plans to expand its San Francisco office space to meet expected demand for 3D modeling and printing. San Francisco footprint would total 287,000 SF.
LOS ANGELES—Investment Real Estate Associates has closed the sale of the 9-unit Westgate Apartments, for $1.8M. Westgate consists of a classic 9-unit apartment building built primarily in 1956.
AUSTIN, TX—Summit Hotel Properties Inc. has acquired three hotels this week from affiliates of the Hyatt hotel brand. Properties are in Orlando and Chicago.