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DALLAS-Colliers International's Dallas president says it's easy to lose perspective as to what's happening in the Dallas-Ft. Worth market. Pricey giveaways are here as a counterattack to the slowdown. Still, it's not really as bad as it feels, he says.
VANCOUVER, WA-The project, if it is built, would include a 6,500-sf sports arena, a 28,000-sf convention center and a 174-room hotel. The buildings would fill four blocks south of Esther Short Park.
DENVER-An increase in building permits reflects Downtown developments planned by larger apartment companies, one multifamily expert says. Supply and demand should match up by the end of the year, another predicts.
SPOKANE, WA-Work begins this week on the Inland Northwest Blood Center's new $9 million headquarters. The 57,000 sf facility will replace the center's present location and is more than double in size of the old facility.
MUKILTEO, WA-In an effort to meet housing demands in Snohomish County, construction on Bella Terra, a 235-unit, multifamily development begins this week. Located on Harbour Pointe Boulevard between Harbour Reach and Possession Way in the master planned community of Harbour Pointe, occupancy is set for spring 2002.
MELBOURNE, FL-The 18-year-old, 114-unit apartment complex, 90 miles southeast of Downtown Orlando, has a $3.6-million loan at 7.12% on a 10-year note amortized on a 30-year schedule.
ESCONDIDO-Plans for a major hotel near Interstate 15 appear to be dying -- again. Plans for a 160-room Hilton Hotel on La Terraza Boulevard have fallen through because the developer announced he could not get financing. Construction was scheduled to begin months ago.
WELLINGTON, FL-The locally based manufacturer of aircraft cabin interior products has also negotiated the right to use $100 million of the proceeds for acquisition purposes.
MISSION, TX-Hunt Power is on track for completion in early 2002 of its first Sustainable Technology Business Center, a 75,000-sf structure designed for back-office operations. CB Richard Ellis has snagged leasing duties for the innovative project.
SAN JOAQUIN VALLEY-Cambay Group Ltd. of Walnut Creek says it plans to build a model for future development in the Central Valley as high-tech companies move from the Bay Area in the slowing economy.