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BOSTON-The state's gambling study commission, formed to explore whether the state should expand its definition of legalized gambling, holds its last hearing. A number of local tribes have expressed interest in building casinos in the state.
MIAMI-Miami-Dade County is making the offer to keep the corporation in the county. Ryder is building a new 230,000-sf headquarters, which will be 40% smaller than its current site, to operate most efficiently, company officials say.
THE BIG ISLAND, HAWAII-The locally based timeshare developer has acquired 76 of the 154 oceanfront condominiums at the seven-story Royal Sea Cliff Resort owned by Outrigger Hotels & Resorts of Hawaii. Vacation ownership industry sources tell GlobeSt.com the purchase price was at or below replacement cost of about $200,000 per unit.
MUNICH-Germany is the most popular destination for cross-border retailers, according to new research from Healey & Baker unveiled at the Expo Real property convention in Munich.
CUENCA, SPAIN-Reflecting the continuing strength of the German open-ended property funds, the SEB ImmoInvest fund managed by SEB Immobilien-Investment has bought its first property in Spain, the 180,000-sf El Mirador shopping centre in Cuenca.
BEVERLY HILLS, CA-The agreement to manage 245,000 sf owned by Bank of America is the first management contract for the publicly held real estate services company's trust services department.
AUSTIN-In one decision, council suggests tapping a 10-story CBD skeleton for a 195,000-sf federal courthouse. Another names the construction manager for a city hall project and another clears a $5.5-million loan for a 57,000-sf office building.
VISTA, CA-The buyers, Kent and Sylvia Curl dba Aloha Motors, plan to build a used car sales dealership on the 77,000-sf property. The lot fronts Highway 78 at 1611 W. Vista Way.
THORNTON, CO-Prairie and recreational vehicle parks near the intersection of East 168th Ave. and Interstate 25 could be replaced by a 1.2-million-sf mall by 2007 after this city north of Denver agrees to rebate sales tax revenue to developer Jordon Perlmutter.