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CHARLOTTE-Wachovia Corp., BB&T Corp., SouthTrust Corp. and RBC Centura Banks Inc. are supplying the funds. The credit line replaces an earlier expired $140 million line.
SAN ANTONIO-Austin's loss is San Antonio's win in a federal competition for designation as an empowerment zone and all the perks that come with it. The zone focuses on KellyUSA, Fredericksburg Road and Interstate 10-I-35 commercial corridors.
RALEIGH, NC-The New York-based bookseller has signed a lease for a 34,000 sf store in the Triangle Town Center Mall. The length and value of the lease weren't disclosed.
BEL AIR, MD-The Harford County shopping center transfers ownership from an affiliate of the Maryland State Retirement and Pension System to JBG Rosenfeld Retail. The former owner purchased the 38-acre property in 1993 for $43.5 million.
LONDON-Laing Property beat off competition to achieve its third recent speculative industrial letting in Milton Keynes, Buckinghamshire. MacFarlane Group is taking 62,000 sf at Whitehall Avenue, Kingston.
SANFORD, FL-The Seminole County Port Authority board votes this week on giving port director Dennis Dolgner a 35% annual salary hike to $127,036. Dolgner, 60, has run the 120-acre, 54-tenant industrial park for 24 years with a staff of two--himself and his wife.
DETROIT, MI-An appeals court says two of the three casino operators in Michigan were selected to build in Detroit as a result of preferential treatment. The LacVieux Desert Band of Lake Superior Indians says all three should shut down.
MIAMI-Holliday Fenoglio Fowler's Boca Raton office arranged a $56 million acquisition loan for the buyers from GE Capital Access but didn't disclose the purchase price, the buyer's headquarters or the seller's name.
DALLAS-There's a new CEO, new look and new initiative for Web-Real-Estate.com. Credible sources say the current burn rate could spell doom. Not so, says CEO Chuck Briant, who is bargaining with two firms to get 5,000 properties onto a listing component.
ORLANDO-Fourth-quarter net absorption of 62,069 sf is at a three-year low in a 30.3 million-sf market as property owners of class A and class B assets increase concessions to keep 14% vacancies in check.