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AUSTIN-It seems Austin's convention center expansion was just what the World Congress of Information Technology was seeking. The host city could reap some $17 million in revenue from the big-draw conference.
SAN DIEGO-City planners have approved a 120-unit Homewood Suites by Hilton and an 80-unit Hilton Garden Inn to be built this spring. The project will be located in Torrey Hills at the corner of Vista Sorrento Parkway and Ocean Bluff Avenue.
PEORIA, AZ-Dallas-based Fleming Cos. is on board at the 240,000-sf Thunderbird Crossing shopping center at 83rd Avenue and Thunderbird Road in Peoria. A 55,242-sf Food4Less will open in Q1 2003 as part of the center's second phase.
HOUSTON-Big box product was up by 8.46% at the close of 2001 versus 2000. Just in the first quarter, 700,000 sf would have to be absorbed to maintain the current occupancy level. Two specialists say the market will fall short by about 300,000 sf.
New York City-After nine months in business with seven locations currently up and running, parent company Bank Hapoalim has invested more cash in Signature to ensure its brisk expansion continues apace.
EVERETT, WA-The Everett Public Facilities District created to construct a hockey arena has filed suit in Snohomish County Superior Court against the city. The action attempts to invalidate a voter initiative that could keep the arena from being built.
SAN DIEGO-A locally-based REIT has closed on the sale of properties to Developers Diversified Realty Corp. for about $15 million in cash and 2.51 million shares of common stock.
NEW ROCHELLE-Signature Bank and Webster Bank report they have expanded their operations into Westchester County and lower Fairfield County respectively.
ST. PAUL, MN-Some options for 117-foot-high grain elevator along the Mississippi River include interpretive center, stores, condominiums or restaurants. St. Paul Riverfront Corp. is offering $5,000 prizes for the best ideas.
CHICAGO-The coupon rate on Security Capital Preferred Growth, Inc.'s 50,000 shares of Prime Group Realty Trust preferred stock could rise to 12.75% in May if a $40-million debt is not called in by then.