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HOUSTON-Barnes & Noble will build a 25,000-sf store at the Centre in Copperfield center the northwest submarket while Shoe Show takes 5,341 sf at Greenspoint Mall, a 1.7-million-sf venue with major redevelopment plans in hand.
CHICAGO-The busy multifamily developer is among three firms that sign renewals in deals arranged by Equis Corp. Meanwhile, The Foster Group signs a 17,837-sf sublease at 330 N. Wabash Ave.
WASHINGTON, DC-The Washington office market continues to be a favorite among investors, as evidenced by Connecticut-based Broadway Real Estate Partners' $185 million acquisition of Washington Harbour.
ORLANDO-Diana Mucha, president of M & V Builders Inc., takes over from Alan Hicks of the Cordish Co. as the Associated General Contractors of Central Florida Inc. backs its national group in urging the IRS to withdraw a proposal to tax off-road, mobile machinery used on construction sites.
AUSTIN-Beginning March 3, Sunset Valley, a thriving retail hub, limits surface parking area to 18% of the tract size for new developments. It had been 40% to 50%. The stiffer action comes about three months after a development moratorium.
BEE CAVE, TX-A Federated Department Stores' exec says the 2.3-million-sf Hill Country Galleria isn't on its radar screen. The Save Our Springs Alliance is in the midst of a campaign to get retailers to "just say 'no.'
CHICAGO-Two malls in the Houston market and a third in Florence, KY are acquired in joint ventures with the New York state and Illinois teachers' pension funds. General Growth Properties Inc.'s property management firm is in place at two of the assets.
SAN ANTONIO-Tomorrow, the Rouse Cos. and USAA will get the crews going on the long-awaited Shops at La Cantera. The northwest submarket center, part of a 1,677-acre development, is carrying a fall 2004 opening date.
BEE CAVE, TX-The St. Louis retail giant withdraws from the contest to anchor the Hill Country Galleria, a proposed 114-acre mall in Bee Cave. The project is one of the nation's most watched as the developer courts anchors with $25 million in sales tax abatements.
BEAUMONT, TX-CBL & Associates finishes up work on an 80,190-sf mall, secured in 2001 when it bought 21 malls and two centers from the Richard E. Jacobs Group. The center, with a trio of anchors, opened at 91% leased.