Mid-Atlantic
Mid-Atlantic Regional Digest (9/06/00): Los Angeles co. set to turn retail center into office comple
September 6, 2000 Allegheny Center sheds mall for offices Pittsburgh Post-Gazette, September 6PITTSBURGH – Los Angeles-based Allegheny Center Associates plans to increase the Allegheny Center Mall with a 240,000-square-foot, $24 million expansion. Developers plan to convert the 35-year-old retail center...
Mid-Atlantic Regional Digest (9/05/00): Shortage of flex space strikes D.C. area
September 5, 2000Flex space at premium in D.C. areaWashington Post, September 5WASHINGTON – The Washington area is experiencing a severe shortage of flex space. Developers are having a hard time keeping pace with the demand, so rents are rising. Meanwhile,...
Mid-Atlantic Regional Digest (9/01/00): Judge rules restriction of ‘big box’ retailers OK
September 1, 2000 Rules to restrict 'big-box' stores OK Philadelphia Inquirer, September 1PHILADELPHIA – A commonwealth court panel has ruled that Lower Gwynedd Township's zoning provisions regarding "big-box" retailers are not exclusionary. While a township must "provide for all reasonable...
Mid-Atlantic Regional Digest (8/31/00): Fire destroys apartment complex under construction in Edgewa
August 31, 2000 Fire in N.J. engulfs residential area near the Hudson The New York Times, August 31 EDGEWATER, N.J. – A fire raged through The Avalon River Mews, a 408-unit apartment complex under construction on River Road in Edgewater,...
Mid-Atlantic Regional Digest (8/30/00): Washington office market at 4 percent vacancy rate
August 30, 2000 Washington office market at 4 percent vacancy rateThe Washington Post, August 30 WASHINGTON – While average annual rents for premium office space in San Francisco are $78.29/sf and in Manhattan, $67/sf, Washington rolls in at $38.52, according...
Mid-Atlantic Regional Digest (8/29/00): Plymouth Meeting, Pa., building gets lead tenant
August 29, 2000 Mellon to be main tenant at complexPhiladelphia Inquirer, August 29PHILADELPHIA – Mellon Financial Corp. has agreed to lease 50,000 square feet in the business center being developed at 3025 Chemical Rd. in Plymouth Meeting. The company will...
Mid-Atlantic Regional Digest (8/28/00): Calif. firm purchases $200 Mln Portfolio in Philadelphia sub
August 28, 2000 Calif. firm buying $200 Mln portfolioPhiladelphia Business Journal, August 28 PHILADELPHIA – Calif.-based Colony Capital Inc. is close to buying about 1.5 million square feet of office space owned by Wyeth Ayerst in Radnor, Pa., for more...
Mid-Atlantic Regional Digest (8/25/00): Three hotels planned for New Jersey town
August 25, 2000 Rockaway officials brace for town to become hotel havenNewark Star-Ledger, August 25ROCKAWAY, N.J. – The Hilton Garden Inn, which is being built on the edge of Rockaway Townsquare mall, is the first of three hotels to be...
Mid-Atlantic Regional Digest (8/24/00): Pa. county considering other options to build convention cen
August 24, 2000 Hotels seeking too much subsidy, Roddey saysPittsburgh Post-Gazette, August 24PITTSBURGH – Allegheny County is considering other options to build a new convention center hotel, at Penn Avenue and 10th Street. The county is not happy with the...
Mid-Atlantic Regional Digest (8/23/00): Marriott to sell hotels to CNL Hospitality Corp. for $100 Ml
August 23, 2000 Marriott to sell 9 hotels for about $100 millionBaltimore Sun, August 23BALTIMORE – Bethesda-based Marriott International Inc. has agreed to sell nine hotels for about $100 million in cash to an affiliate of CNL Hospitality Corp. The...
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