1997's Occupancy cost outlook: tightening markets, fewer concessions, rising rents

Article Abstract:

A survey conducted by Site Selection magazine on business and industrial parks all over the world reveals that real estate markets in many locations are tightening, with the demand for space steadily outstripping the available supply. The situation has again tilted in favor of lessors and this has resulted in rising rental rates and fewer concessions for lessees. A substantial amount of speculative industrial and office space is currently under construction but most projects are not scheduled for completion anytime soon so their impact on the market will not be felt until 1998.

Real Estate, Real Estate and Rental and Leasing, Forecasts and trends, Statistics, Real estate industry, Surveys, Office buildings, Business parks

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New Mexico lands $1 billion Intel expansion, 1,000 jobs

Article Abstract:

Intel Corp invested $1 billion in its Rio Ranch, NM, computer-chip manufacturing facility in an expansion project that created about 1,000 new jobs and added 1.3 million sq ft to the plant. New Mexico state officials developed a detailed proposal that covered finance and tax programs, infrastructure, human resources and environmental considerations. New Mexico also offered a package of financial incentives, including worker-training funds, investment credits and tax breaks.

Semiconductors and related devices, Computer peripheral equipment, not elsewhere classified, Semiconductor industry, Management, Intel Corp., New Mexico

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