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AUSTIN-The $760,000 tab has jumped to $1.1 million, according to a decision by Austin City Council. The financing will cover costs to relocate an Interstate 35 exit between Howard and Parmer lanes.
DETROIT-City planners and property owners need to do a better job of setting the table for prospective restaurateurs, says Jerry McVety, president of McVety and Associates Inc. of Farmington Hills. Clusters of housing and offices, as well as incentives, are needed.
ORLANDO-After abandoning Florida in 1996, the Houston-based subsidiary of the Coca-Cola Co. plans to open the Auburndale, FL venture in March 2003 and compete can-to-can with Tropicana Products Inc. of Bradenton, FL, the nation's No. 1 frozen juice packager owned by Coke rival PepsiCo.
WASHINGTON, DC-Joint venture K/FCE will make an initial investment of $25 million to redevelop the 1.1 million-sf Waterfront Complex. The EPA had occupied the office and retail property for the last 30 years.
ROCKVILLE, MD-Construction of Rockville Town Center, a 221-unit apartment development of Archstone-Smith Communities, gets going with the recent groundbreaking by contractor Clark Realty Builders.
MARQUETTE, MI-The surgical instrument maker is expanding and renovating an existing structure with a $6-million industrial development revenue bond issue from the Michigan Economic Development Corp.
OAKLAND-After months of discussions, the United States Army agrees to sign over the deed for the Oakland Army Base to the City of Oakland to be used for commercial and maritime use.
GLENVIEW, IL-Fremont Investment & Loan likes San Diego-based OliverMcMillan's The Glen Town Center mixed-use redevelopment of the former Glenview Naval Air Station enough to finance construction by itself.
WHITE PLAINS-Starwood Hotels and Resorts Worldwide issued a statement Monday that defended its chairman and CEO Barry Sternlicht from charges leveled against him by a Congressional Committee that he was given preferential access to IPOs managed by Goldman Sachs.
LONDON-Development Securities has continued its withdrawal from the City with the sale of the headquarters of the law firm DJ Freeman at 43 Fetter Lane, EC4 for pounds 11.7 million ($17 million).