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MINNEAPOLIS-The Minnesota Supreme Court refuses to hear baseball's appeal of two lower court decisions requiring the team to honor its lease at the Metrodome. The Twins were targeted by Major League Baseball for contraction this year.
HOUSTON-General Stevedores renews a pact for a 24,000-sf building of its total 90,618 sf of leased industrial space in the Houston Ship Channel. The renewal is for a warehouse at 601 McFarland, owned by Seattle-based Hatch & Kirk.
AUSTIN-AMLI likes the prospects in the Austin market so much that it's considering going forward alone on a downtown project. That's the word from the co-CEO to investors and analysts in yesterday's conference call.
LOS ANGELES-Juergen Bartels, CEO of the London-based Le Meridien Hotels and Resorts, told a small crowd gathered in the Garden Room of his Le Meridien at Beverly Hills that the independent luxury hotel group has its sights set on becoming the number-one brand in the international hotel trade by 2004.
PORTLAND-Similar to 2001, the limited amount of new apartment supply entering Portland in 2002--about 1,200 units--will keep the market on track, despite significant job losses across the region.
COMMERCE TOWNSHIP, MI-The Detroit-based medical firm to build more surgery rooms and facilities in the suburbs to meet a 30% increase in demand over the past five years.
TROY, MI-Kojaian Cos. of Bloomfield Hills says it's ignoring offers to sell the 660,000-sf Top of Troy office building. Instead, it has begun discussing plans to build a mirroring mixed-use tower next door.
DALLAS-Proximity to Parkland Hospital's main campus and the right amount of space shore up a class A pact for the Stemmons Freeway submarket where vacancy is 23.9%. A 10,000-sf sublease spot and a bit extra go into the pact.