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SCOTTSDALE, AZ-The Apollo Group Inc. lines up another learning center site for its Western International University. The Scottsdale Chaparral Business Center Phase III pact carries a $3.3-million value over its six-year term.
ORANGE COUNTY, CA-Vacancy rates in the county's office and flex-tech sector jumped to 17.31% at the end of fourth quarter 2001, according to a recently published report by Lee & Associates. Office vacancy levels here have more than doubled since fourth quarter 2000.
AUSTIN-The 2001 fourth quarter, says Littlefield's CEO, was the first solid sign that a two-year revamping has worked. The operator of bingo halls and entertainment says it closed the year with net income of $1.6 million and EBITDA of $3.4-million.
ST. CLOUD, MN-The move puts into doubt the fate of its 1.1-million sf distribution center here, as well as its office space in Plymouth, MN and Eveleth, MN. The city subsidized part of a 500,000-sf, $20-million expansion.
JACKSON, MI-Jacobson Stores Inc. is shutting under-performing stores in Ohio and Florida. It hopes to use $130 million in debtor-in-possession financing from two Boston lenders to rebuild the company.
DENVER-The member of the 2001 Denver Metro Commercial Association of Realtors' Heavy Hitters list will oversee leasing of seven buildings totaling 2 million sf.
DALLAS-Three signings have office, retail and industrial tenants readying to occupy space in February or shortly thereafter. The deals are for space in Las Colinas, Dallas and Carrollton. A gift importer tops the list with 19,738 sf in Las Colinas.
BONITA SPRINGS, FL-Jerry Starkey, president of WCI Communities Inc., sees customer traffic gradually returning to the multifamily, condo and single-family markets after a noticeable slowdown following the Sept. 11 terrorist attacks on New York and Washington, DC. Bonita Springs is 180 miles northwest of Downtown Miami.