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SAN ANTONIO-Sam and Ann Barshop donate $4 million to a 50,000-sf aging research center for the University of Texas at San Antonio. The NIH has kicked in $3 million while $6 million apiece came from the Brown Foundation and the state.
VAIL, CO-The SEC is has opened a probe of Vail Resorts Inc. regarding some of its accounting practices. The ski resort firm's accounting was handled until last year by Arthur Andersen.
FORT LAUDERDALE-The Chicago-based steakhouse chain is negotiating with developers Richard D. Zipes and Tarragon Realty Investors for a 7,500-sf, ground-floor restaurant in the 42-story, $200-million, mixed-use condo project.
MIAMI-The locally based data center designer/operator increased its revenue to $2.6 million in the quarter ended Dec. 31, 2002 compared to $2.4 million in the quarter ended Sept. 30. Its EBITDA improved to $4.2 million from $4.4 million.
AUSTIN-The industrial leases seal off 17,250 sf at three properties. Total Amusements takes 5,400 sf at 3709 Promontory Point Dr. while five-year renewals are inked for buildings along East St. Elmo Road and Industrial Oak Boulevard.
SANTA FE SPRINGS, CA-Poot Trucking finds a centrally located industrial tract for storage and related operations in Orange and LA counties. The buyer takes title to about 1.8 acres at 10144 Shoemaker Ave. from R&R Real Estate.
WILMINGTON, DE-Florida's Republic Bancshares Inc. submits an exploratory land development plan to the local County Department of Land Use in an effort to get the okay on a pre-existing structurethe hotel at 401 Airport Rd.
CAMBRIDGE, MA-A record high vacancy rate in the city is actually indicative of a thriving biotech market coupled with a struggling office market, according to a recent report compiled by Meredith & Grew.
CERRITOS, CA-The Newport Beach-based investment firm earns $5.2 million in a turn-around play of the 87,105-sf Cerritos Corporate Tower, bought in May 2001 from the Krausz Co. Makar also negotiates an earn-out component with the new owner.
PHOENIX-Christian and Magdalena Covaciu, active in the metro's multifamily market, sell the 36-unit Hillside Terrace Apartments less than a year after they bought it. The 1130 E. Butler Dr. property attracted interest from eight would-be buyers.