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ORLANDO-Despite 9.7 million sf of total warehouse, distribution, flex product lying vacant in metro Orlando, CB Richard Ellis Inc. broker David Murphy sees a rally coming in the third and fourth quarters, but doesn't expect a full recovery until at least the first period in 2002.
DENVER-Locally based United Artists Theatre Co., one of the nation's largest owners of movie theaters, posted lower revenues in the second quarter and first half of the year, compared with a year ago.
BURLINGTON, WA-As the retail hub of Skagit County, the small northwest Washington town of Burlington between Seattle and Vancouver, B.C. is prospering. It is attracting new developments of all types in ever-increasing numbers--and traffic problems that mimic urban snarl.
SAN DIEGO-Two of the nation's largest multifamily property managers and developers announced they've entered into a unique joint venture with the US Navy to develop and manage military family housing here.
BURLINGAME-Colliers has taken on the role of advisor for the last large waterfront property in the San Francisco International Airport area. The deadline for RFPs has passed for developers of a major hotel site in Burlingame and Colliers expects the marketing ball to start rolling very soon.
THE WOODLANDS, TX-The 27,000-acre Woodlands is aggressively pursuing a goal to make its Town Center into a 24-hour destination spot. The news plans to unfold call for a 225,000-sf shopping center and 27 acres of urban living.
BURLINGTON, WA-As the retail hub of Skagit County, the small northwest Washington town of Burlington between Seattle and Vancouver, B.C. is prospering. It is attracting new developments of all types in ever-increasing numbers--and traffic problems that mimic urban snarl.
DALLAS-The Dallas-Ft. Worth multifamily market once again is a temptress for institutional investors. The rebound has started, driving a prediction that average sales prices will spike 3.2% over the course of the year, says Marcus & Millichap.
NEWPORT BEACH, CA-The locally based real estate developer has begun construction at Hawaii 601, which will encompass 50,000 sf of class A office, creative, assembly or R&D space upon completion.
SCOTTSDALE, AZ-By year's end, Houston-based Hines will be coming out of the ground on the 100,000-sf first phase of a 300,000-sf office project in north Scottsdale. Regus Business Centers will have the keys when the building's done in late 2002.