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ORLANDO-The Greater Orlando Aviation Authority is negotiating a 10-year concessions contract with Bethesda, MD-based HMS Host Corp. which is guaranteeing GOAA $5.25 million; and an eight-year contract with Los Angeles-based Westfield Concession Management Inc. to manage 28,000 sf of retail.
CHICAGO-Dillard's, Scheels All Sports and Famous-Barr will anchor the Jordan Creek Town Center in West Des Moines, IA, scheduled to open in August 2004. The 2-million-sf mall is being built on a 200-acre site.
BEVERLY HILLS, CA-A quirky economic recovery and other uncertainties cast doubt on what is a generally positive picture for Southern California apartment investors, according to industry players who spoke to a sold-out crowd at the Beverly Hilton late last week.
BROOMFIELD, CO-The 232-suite Renaissance Suites Hotel is only the second of its concept to open in the US. The hotel features an "all-suite, all-concierge" approach to guest services.
STAFFORD, TX-Consentino SA gearing up for a mid-October ground-breaking on 5 1/2 acres in the Freeport Southwest Business Park in Fort Bend County. A 10-year incentive package with abatements averaging 63% of the annual taxes closed the deal.
ORLANDO-An estimated two million sf of commercial and retail will complement 27,896 acres of planned projects totaling 58,216 residences in the two counties which combined have a permanent population of only 300,000.
MOODY'S REVISES OUTLOOK ON MACK-CALI REALTY'S RATINGS TO POSITIVE; CONFIRMS Baa3 SENIOR DEBT RATING Approximately $1.9 Billion of Securities Affected.…
MIAMI-The Pompano Beach-based casual-dining restaurant chain, which earlier said it would be free from protection under the U.S. Bankruptcy Code by Sept. 22, now says the date will be Sept. 30.
MANHATTAN BEACH, CA-Calling them non-core assets, the shopping center REIT Center Trust sells three properties--one in Oregon, one in Washington and another in California. Their combined square footage is 238,000 sf.
CHICAGO-The Equity Office Properties boss notes tenants are shortening their decision-making time, and construction has slowed down. "Our strategy is very simple: occupancy, occupancy, occupancy," he says, adding job descriptions have changed among property managers.