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PANAMA CITY BEACH, FL-The public/private Pier Park undertaking will comprise one million sf of retail, restaurant and entertainment product when completed in 20 years. The first phase is scheduled for completion in spring 2003.
EDISON, NJ-In separate transactions, Holliday Fenoglio Fowler has arranged funding for two industrial buildings and a retail property in Northern New Jersey.
SEATTLE-Stellar International Holdings, the founder of both Princess and Admiralty cruise lines, now Royal Caribbean Cruises, has named Brian P. Ward president of its U.S. Real Estate Division.
ATLANTA-The Ann Arbor, MI-based institutional investor's single-tenant, triple-net assets include properties for Pizza Hut, Taco Bell, Tony Roma's, Hollywood Video, Morgan Tire and Sterling Jewelers. M&M's fee wasn't disclosed.
AURORA, CO-A 57,560-sf Albertson's will anchor the 108,000-sf Somerset Village Shopping Center on a 16-acre site at East Mississippi Avenue and South Buckley Road. A Good Times Hamburger and Frozen Custard restaurant and a TCF Bank also have signed on.
AUSTIN-All around town, building owners had eyes for the Fulbright & Jaworski law firm as it scouted the market for the best leasing opportunity. In the end, the firm stays put at One American Center in the CBD.
ORLANDO-Atlanta-based Six ContinentsSM Hotels Inc. names 10-year-old Prince-Bush-Smith Investments Inc. Franchisee of the Year in 2001 for undisclosed revenue generation, marketing and brand development. This is the first year the international hotel group has offered the money award.
NEW YORK CITY-The Class A common stock is being offered by members of the Ratner, Shafran and Miller families, holders of a controlling interest in the $4.4-billion real estate firm.
IRVINE, CA-KleenAir Systems, which conducts research and development geared towards reducing automobile emissions, signs a three-year lease for R&D space in Irvine.
AUSTIN-The coming to market of 140,000 sf of class A space at two Las Cimas buildings pushes the sublease thermometer to 3.024 million sf, up from 3.022 million sf just two weeks ago. Austin's direct and sublease space now totals 6.5 million sf.