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HOUSTON-Hines is partnering with Monthisa to build a 215,000-sf, seven-story office building near Madrid's downtown. Work gets under way in early 2003, with a late 2004 unveiling marked on the calendar.

NEW YORK CITY-Gary Barnett's New York-based Intell Management and Investment comes out on top after three days of fiercely competitive bidding for Enron's unfinished 1.1 million-sf Houston office tower.

ORLANDO-The Ocala, FL-based general contractor is building a $7.5 million clubhouse and sales center along with a $3.14 million swim/fitness facility at the master planned golf course community of Palencia being created by the Houston developer in northern St. Johns County near Jacksonville, FL.

HOUSTON-GlobeSt.com has been told Century Development has "upped the ante" and is well positioned to win the 1.2-million-sf Enron Center South. What started out as a five-firm face-off is down to two in a bidding war predicted to last through week's end.

BOSTON-Raymond Property Co., a locally based real estate developer, forms a joint venture with Hines Interest LP to develop large-scale residential projects. The team is looking at properties in the downtown area and in the Route 495 area within Route 128.

HOUSTON-An invitation-only auction is being held today in New York City for the 1.2-million-sf Enron Center South in Houston. The bankrupt energy giant could reject any and all bids, but most likely won't. The buyers' list has been pared to five.

HOUSTON-Crews have descended on a tract, bought in February, in Rio de Janeiro's CBD. To get the Torre Almirante project moving, Hines finished one building and is making plans to convert two others into a 15-story parking garage.

DENVER-Sources tell GlobeSt.com a 235,000-sf building at the US Post Office Annex site in LoDo, constructed by Hines Interests, could become the home for the Rocky Mountain News, Denver Post and the Denver Newspaper Agency.