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DALLAS-RentaCrate has unlocked the doors on a 10,500-sf industrial building along Governors Row in Dallas, marking its first Texas location. Scouts are out in Houston for the Massachusetts firm. Brokers, in all, have closed four deals for 25,670 sf.
MIAMI-The locally based, 59-unit Asian-styled restaurant chain posted total revenue of $170 million for fiscal 2002 ended March 31 versus $161.9 million in fiscal 2001. Sales of $42.5 million in the last three months of fiscal 2002 compared to 41.9 million in the previous year.
LONDON-The collapse in confidence among TMT--Technology Media & Telecoms--occupiers is still disrupting the M4 office market to the west of London, according to a new report from Lambert Smith Hampton.
WASHINGTON, DC-In a press conference on Monday, President Bush urged the Senate to pass terrorism legislation, but despite his appeal, partisan disagreement on the bill continues to be a factor.
BALTIMORE, MD-In one of the city's largest leases this year, Ballard, Spahr, Andrews & Ingersoll LLP renews its lease at 300 East Lombard for a 10-year term and expands by 10,000 sf. The addition leaves the company with offices covering nearly 50,000 sf.
BLOOMINGTON, MN-The 263-room Thunderbird Hotel, one of the oldest hotels in this Twin Cities suburb, is undergoing a major renovation. It reopens later this month under the Howard Johnson flag.
ORLANDO-But the New York-based consulting and appraisal house gives the Orlando area low evaluations in retail and office. Apartments, Orlando's strongest sector, won a No. 4 ranking. Industrial placed fifth out of 59 metro markets surveyed in Integra's 12th annual Viewpoint analyses.
LONDON-Development Securities has continued to rebase its investment portfolio with a series of deals including the purchase of a shopping centre and the sale of suburban offices.
NEWPORT BEACH, CA-The new adjustable rate program includes an option to pay interest only for up to the first five years. Known as the "Interest Only" program, it has been designed to make adjustable rate mortgages attractive even in rising interest rate cycles.