MIAMI---With telecom and info tech space-users powering much of South Florida's economic growth, office vacancy rates are down and construction activity is up.
DENVER-The city's largest architectural firm is undertaking five projects, totaling more than 1.3 million sf, in the Greater Denver area. The largest project involves a facilities' master plan and campus consolidation for the 950,000-sf J.D. Edwards & Co.'s office development.
MIAMI LAKES, FL-The Graham Cos.' newest $8.5 million building at Miami Lakes Town Center is adding VoiceStream Wireless as a 4,884-sf tenant in a $23.55 psf, five-year lease valued at $575,000.
HOUSTON-A Houston developer gets the go-ahead for financing on a $17.2 million project near the Buffalo Speedway. The 320-unit project is one in a series of multi-family developments in the planning or under construction for the city.
SAN FRANCISCO - Approximately 85% of the condos in Millennium Tower have been sold, with prices starting at about $1 million. Rooms at the hotel are expected to rent for about $400 a night
MUKILTEO, WA-The real estate operating company plans to put "several million" into the 350,000-sf waterfront building to prepare it for bandwidth-intensive, high-tech and telecommunications tenants.
ORLANDO-Fields Motorcars of Florida Inc. is operating the new facility on a one-acre pad in SouthPark, one of three business parks comprising the 4,500-acre, mixed-use Orlando Central Park. Fields paid $500,000 or about $11.48 psf for the parcel.