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COLORADO SPRINGS, CO-More than 33 square miles along this city's border is sold by the family of Ibrahim Khalid of Saudi Arabia, which bought the land from Resolution Trust Corp. in 1993 for $18.5 million.
ST. PAUL, MN-The $160-million project is underway as Dallas-based Centex begins ambitious site preparation. The project includes from 580 to 600 units of housing and 23,000 sf of commercial space.
SAN ANTONIO-A North Carolina-based shoe retailer is launching its first San Antonio store, with plans for as many as six citywide. Shoe Show has grabbed a spot for a concept store in an up and coming retail development in the southeast submarket.
HOUSTON-Regency Centers of Florida is lobbing a play for a market share in the Houston area, buying a 109,757-sf grocery-anchored center, opening a 97,332-sf one and plotting to acquire or develop four more in 2002.
AUSTIN-The city is getting ready to mail an application for a federal empowerment zone to HUD. If selected, Austin can attach as many as 10 tax incentives to businesses for the East Side. The application is the handiwork of three area chambers of commerce.
CARLSBAD, CA-Construction of the $20 million Genesis Office Park is about to wrap up. The 102,000-sf office complex is located within the Carlsbad Research Center.
PHOENIX-In the coming weeks, Banner Health Systems will break ground on another hospital expansion in the Phoenix area. This time, it's a $90-million undertaking at Good Samaritan Regional Medical Center in the city's downtown.
PHOENIX-A Phoenix investor spends $5.8 million for a 29-year-old complex in the West Valley. The immediate plan is to remodel, say parties involved in the deal. FSF Country Knoll Associates of Larkspur, CA is the seller.
GREELEY, CO-Hensel Phelps Construction Co. gets an 11-year, $758-million contract to renovate most of the Pentagon. A $145-million contract to rebuild a portion damaged in last week's terrorist attack goes to a British company.
GREENWOOD VILLAGE, CO-The largest manufactured home owner and manager in the US with about 8,700 home sites in 37 states declares a third-quarter dividend of $0.545 per share.