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DENVER-Just $973 separated the state's 42 limited-stakes gambling casinos from the record they set for gross revenue in July. Black Hawk's 20 casinos lead the way at $46.4 million, down $200,000 from the previous month.
GRAND PRAIRIE, TX-All that is left is for the owner, the City of Grand Prairie, to sign a deal that shifts control of the entertainment venue from its Houston-based principal. The city could opt to operate NextStage or let it go dark, but neither is a consideration.
CAMBRIDGE, MA-In a deal that further establishes the city as a biotech center, Novartis AG, the Basil, Switzerland-based pharmaceutical giant, leases the 500,000-sf New England Confectionary Co. building on Massachusetts Avenue with an option to buy.
SAN ANTONIO-The $2.6-million facility is a project of Connetics of California and DPT Labs of San Antonio. The plant at 5303 Distribution Dr. will be used to make prescription and consumer health-care products, pending FDA approval.
DETROIT-Commercial Real Estate Women honors ArvinMeritor's 251,000-sf site at Fort Street and Livernois in southwest Detroit's Empowerment Zone for its impact on the community and sparking new development in a downtrodden area.
DENVER-The new municipal office building that will be named after Mayor Wellington Webb will eventually eliminate office rental payments, 2003 budget includes $4 million in maintenance and security costs, $500,000 in increased utility costs and $1.2 million in lease payments.
LITCHFIELD PARK, AZ-Remonov & Co. of Vail, CO acquire a fully occupied 25,709-sf medical office property in one of the region's fastest-growing suburbs. The seller will do a 1031 Exchange to acquire an apartment building.
LONDON-British Land has expanded its involvement in the residential sector with the pounds 13.4 million ($20.5 million) takeover of FRP Group, the unquoted London residential investment group.
OAKLAND-Bell Investment Advisors, a local financial planning and investment management firm, signs a long-term lease to occupy office space at Oakland City Center's 1111 Broadway building.
LONDON-Insignia Richard Ellis has denied reports that it has found a purchaser for the two million-sf Stanley Dock complex, one of the last remaining historic dock sites on the banks of the river Mersey in Liverpool.