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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.

AUSTIN-The officers are elected, the board is in place and the application will go into the national office in January 2003. Brokers, lawyers, title company representatives and even State of Texas officials are on board.

AUSTIN-The officers are elected, the board is in place and the application will go into the national office in January 2003. Brokers, lawyers, title company representatives and even State of Texas officials are on board.

SCHAUMBURG, IL-Nearly 50,000 sf of space is claimed in new lease deals, but they involve companies staying put or moving from one northwest suburb to another, keeping submarket vacancy well above 20%.