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  • Liquidating REIT Reports Improved Occupancy

    CHICAGO-Banyan Strategic Realty Trust increases occupancy to 87% in the first quarter of 2001 while efforts continue to sell the REIT's assets to Denholtz Management Corp. amid an ongoing legal battle with its former president.

  • Archstone Buying Its Own Stock

    DENVER-Archstone Communities is buying $50 million of stock from Security Capital. The seller wants more flexibility, a feat being accomplished by selling interests in 18 companies, Archstone among them.

  • Architectural Firm and Dance Studio Purchase New Facilities

    COSTA MESA, CA-An architectural firm is already occupying a building it purchased for $1.132 million. Arthur Murray Dance Studio has purchased a building and plans to open a new dance studio there this summer.

  • Developer Kicks Off 1.4-Mil SF Downtown Office Project

    HOUSTON-Construction crews have descended on a 1.4-million sf project site that's taken three years to break ground. It's the largest investment office to be built Downtown in 20 years. Reliant Resources is grabbing 525,000 sf for the lead spot.

  • Five-Building Business Park Sells for $19.4 Mil

    FULLERTON, CA-The new owner of a $19.4-million business park, The Clifford Companies, plans to sell off each the complex's five buildings separately.

  • Judge Declines Reorganization Plan for Round at Beaverton Central

    BEAVERTON, OR-Bankruptcy Judge Trish Brown declined last week to approve the city and Enron's $2.3-million reorganization plan for the stalled downtown redevelopment project, raising speculation that creditors may force the project into liquidation.

  • Comcast Lease Brings Business Park To 90% Occupancy

    BALTIMORE, MD-Comcast, which recently purchased Jones Cable, signed lease for 45,240 sf lease for space at MIE's I-97 Business Park. The company plans to consolidate some Jones Cable offices into a single facility.

  • BofA Executive: Retail REIT Outlook 'Respectable'

    WASHINGTON, DC-Dipping consumer confidence has led most retail real estate companies to lower expectations this year, but an analyst says because of long-term leases, most are somewhat buffered by lagging retail sales.

  • Indian Community Opens First Resort Near Phoenix

    PHOENIX-In a sign of things of ever-increasing sophistication, an Indian Community near Phoenix has opened a 146-room resort. The new hotel is being managed and promoted by Harrah's.

  • Boston Properties Acquires Development Rights

    WALTHAM, MA-Boston Properties purchases the development rights for an eight-story building here overlooking Route 128. Nelson Cos,, which formerly controlled the property, took the development of the 200,000-sf building through its permitting process.