CONSHOHOCKEN, PA-An overall office vacancy rate of 21.9% here is prompting property owners to offer aggressive rent structures. According to the Philadelphia regional office of Trammell Crow Co., this suburb has experienced rent decreases of up to 30% since mid-2002.
MEDIA, PA-The funding kicks off a search for matching funds to renovate two downtown, borough-owned landmarks here. Conversion of the nearly 100-year-old, 3,700-sf armory into a veterans' museum is scheduled for completion in early 2004. Media Theatre will be upgraded.
ALLENTOWN, PA-In three separate transactions more than 43 commercially zoned acres in the valley changed hands. One buyer plans a drug store and other retail units at seven-acre Fogelsville Commons, another picks up a 35-acre parcel in Forks Township.
HARRISBURG, PA-Five Pennsylvania Industrial Development Authority low-interest loans have been granted to local industrial development groups in four counties. Projects include the acquisition and renovation of the former 298,270-sf Foamex site and conversion of the 140,170-sf former Staples building in Philadelphia.