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AUSTIN-Austin City Council is expected to give a green light to John Q. Hammons Hotels for an Embassy Suites on a site in the 110-acre Austin Airport Centre. The hotelier was seeking clearance for a 19-story facility.
NEW YORK CITY-Long Island Congressman Steve Israel will get the ball rolling next week at Real Estate's Impact on the Long Island Economy. The half-day symposium will include a series of panel discussions moderated by Gerald D. Schein, vice chairman of Real Estate Media Inc., parent company of GlobeSt.com.
ONTARIO, CA-After outperforming its larger neighbors in recent years, this relatively small office market of Riverside and San Bernardino counties continues to post relatively low vacancy and increased activity.
GARLAND, TX-The 8 1/2-acre property along Broadway Boulevard fell under contract within two weeks of coming to market. A retail neighbor pays within $250,000 of the asking price to claim the high-profile site.
ATLANTA-Jerry and Brett Buckner, previously of the locally based Buckner & Co., join the Irvine, CA-based company's office here as senior advisors. Kevin Boughner moves over from Wachovia Securities. The new trio takes the local office brokerage staff to a dozen.
HOUSTON-One consulting firm holds onto 15,600 sf in an office building at 8564 Katy Freeway on Houston's west side while another at 11811 E. Freeway in the eastern sector stays put in 9,045 sf.
NEW YORK CITY-At a reception last week, the Alliance for Downtown New York president Carl Weisbrod continued to champion transportation as key to retaining Downtown businesses. Recent Alliance research indicates that half of all companies here either plan to leave or are undecided on whether to stay in the city.
NEWPORT BEACH, CA-Health Care Property Investors reports much higher net income and slightly higher funds from operations compared with figures for the third quarter of last year.
VAIL, CO-Andrew P. Daly, whose 2001 earnings came largely from $2.1 million from selling stock options, is out as Vail Resorts Inc. streamlines operations to keep costs down in an embattled travel industry.
NEW YORK CITY-The $250 million in Q3 profits reflects a $175-million writedown on mortgage assets. Going into the new year, the company plans a major stock repurchase and some small-scale buys.