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PHOENIX-A custom picture framing business and the international Air Liquide sign for new spots in Phoenix. The aggregate 23,600 sf provide corporate offices for both operations. The largest space taker is Picture Perfect.
TAVARES, FL-The 30-year-old Central Florida division of Tarmac/Titan America Inc., a national building products supplier based in Norfolk, VA, is being allowed to expand its 977-acre tract to a nearby 240-acre field where excavations can continue for another 10 years. The existing site, 32 miles northwest of Downtown Orlando, is almost mined out. Sand is a key material used in concrete.
CHICAGO-The current trends of globalization and consolidation in the hotel investment market are affecting the management agreement negotiation balance between hotel owners and operators.
ATLANTA-Donna R. Mitchell, former vice president, account services, at Current Inc. is the Atlanta office's new vice president, consumer marketing. Thomas C. Foster, former controller at TMW Management, takes over as controller for retail.
DENVER-The number of permits fell 31% through May 2001 compared to the same period last year. Building activity is expected to continue falling through 2002, but by 2003 there may be a shortage of apartments says broker Steve Rahe.
ANAHEIM, CA-The building encompasses 17,571 sf. It is the second industrial transaction to occur in Anaheim in the past week, as the decline in the county's manufacturing sector has begun to ease up.
TEMPE, AZ-Magellan Real Estate pulls the plug on a $47-million apartment project in a buy-out offer by the Arizona Cardinals. Some local real estate experts say the developer could be getting as much as $12 million to drop out of the game.
AUSTIN-The University of Texas System has been accorded a AAA bond rating, just in time for a planned bond sale in September. The bond sale will help finance a $3.4-billion, six-year capital improvement project.
CHICAGO-The current trends of globalization and consolidation in the hotel investment market are affecting the management agreement negotiation balance between hotel owners and operators.