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ORLANDO-The financially-foundering, celebrity-themed restaurant chain wrote off $282 million in debt the first time; now lists $131 million in liabilities and assets of $121 million.
ORLANDO-Lowe's Cos. Inc. of Wilkesboro, NC and Wal-Mart Stores Inc. of Bentonville, AR are scouting the local market for a 150-acre-plus site to build a one million-sf to two million-sf distribution center, land brokers intimate with the search tell GlobeSt.com
ROCHESTER, MN-Mayo Clinic is a logical draw for the fast-growing hotel chain's newest entry in Minnesota, its first outside the Twin Cities market. New hotels are being built for about $9 million, according to the company.
MIAMI-Locally based American Classic Voyages shelves plans to move into a 240,000-sf, $36 million call center under construction in Sunrise, FL, 20 miles north of Downtown. The seven-ship steamboat operator listed cash on hand of $18 million and debt of at least $80 million.
ATLANTA-CNB Holdings Inc. of suburban Alpharetta, GA, is at $100 million in assets from $55.5 million in the year-ended period of Sept. 30, 2000, an 80% increase. The two-branch bank's broad range of products include commercial real estate lending and residential mortgage services.
COLLEYVILLE, TX-Realty Capital Corp.'s Villages of Colleyville sees the start of two more mixed-used buildings in its Main Street district. The $11-million undertaking will bring 62,000 sf of retail, office and residential space to the development.
DALLAS-Texas developers seemingly retreat from mega-industrial projects. It's a temporary hiatus for the million sf-plus projects, says a Dallas-Ft. Worth developer. Less risk and easier leasing for 250,000-sf to 600,000-sf buildings spark the downsizing.
DENVER-The Denver industrial market holds its own, with vacancy coming in at 6.2% at the third quarter close. It should rise just a tad by year's end. The more probing issue is whether 2002 will be a "space Odyssey.
CHICAGO-A third-quarter 2001 study just released by Insignia/ESG Midwest Industrial Services Group shows a sharp drop in industrial leasing but an even larger increase, measured in square feet, in industrial property sales.
MIRAMAR, FL-The construction subsidiary of Fort Lauderdale-based Stiles Corp. will begin work in December for the owner, Miramar Management Co. Inc. of Coral Gables, FL, which bought the development site for $1.18 million in 1998.