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ROUND ROCK, TX-Relief will come tomorrow in a heralded opening of extra lanes at one of the most congested intersections in the Austin suburb of Round Rock. State and local officials will be on hand for the ribbon cutting.
PHOENIX-Local investors Robert Porter and Earl Ricker spend $39,062 per unit for the 32-unit Cambridge Estates in Phoenix's northern submarket. Seller Delmar Morgan of Long Beach, CA owned the complex for a decade.
DELRAY BEACH, FL-Nevada-based Southern Golf Partners, controlled by Miami Beach businessman Lewis G. Gordon, paid $8.35 million for the 7,100-yard course at Polo Golf & Country Club, 75 miles north of Downtown Miami.
ORLANDO-Area brokers tell GlobeSt.com at least 100,000 sf of new industrial space here could be in the works after Washington's expected selection Friday of Boeing Co. or Lockheed Martin Corp. to build 3,000 Joint Strike Fighter jets at about $40 million apiece. Industry analysts expect Washington split the contract 60-40.
CHICAGO-Investors must "accept the fact we have to move from Easy Street to the Eisenhower Expressway at 5:30," Gary Kachadurian of RREEF Funds tells the National Association of Industrial and Office Properties conference.
DENVER-Legacy Partners anticipates lease rates of $24 per sf, plus expenses of about $8 per sf when the 290,000-sf, $65-million Legacy Plaza office building opens in January 2003 in the Central Platte Valley.
LONDON-The office vacancy rate in Europe's top 13 office centres has risen for the first time since 1994 according to the latest report from DTZ Research. By the middle of 2001 voids had reached 3.7% against 3.3% at the beginning of the year.
CHICAGO-The US Department of Housing and Urban Development disposes of two buildings in the Grand Boulevard and West Garfield Park neighborhoods for $1.4 million, or $19,807 per unit.