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PALM BEACH, FL-A continuing decline in demand for hotel rooms in the major US markets paints a bleak short-term outlook for the real estate investment trust based in this city 64 miles north of Miami.
DALLAS-The Staubach Co., Centex Construction, Perkins & Will and JPI have brought new leaders on board or promoted from within in a mid-year shuffle. The new roles range from senior VPs to a new service by Perkins & Will's new Dallas office.
EUGENE, OR-The acquisition and renovation deal for a 30,000-sf former Waremart Foods store in West Eugene is contingent upon project approval and a signed 20,000-sf lease deal with the state Department of Administrative Services.
DETROIT-The retail REIT managed to post $1.4 million in funds from operations, compared to a $1.6-million loss in the second quarter of 2000 despite a slight drop in revenues to $9.9 million.
NAPA, CA-Thanks to plenty of available space and a solid credit rating, a subsidiary of Tyco International secures a below average lease rate on 10,500 sf at Panattoni Development's Napa Airport Center.
DENVER-The $30-million Marriott hotel will be built by Merrillville, IN-based White Lodging Services Corp.on 8 acres in the ParkRidge Corporate Center at the intersection of Lincoln Avenue and Interstate 25.
FULLERTON, CA-The tech company sublets additional 172,800 sf of industrial space from Concord Disc Manufacturing. Foxconn will now occupy the entire 406,000-sf complex.
DENVILLE, NJ-Ohio-based Stanbery Development wants to bring in upscale tenants and package them in a rustic property to blend with the site's rural surroundings.
PORTLAND-In a move no doubt due to its United States headquarters being here, the hip shoe manufacturer will open its first U.S. location in Downtown Portland next week and follow with storefronts in New York, Chicago, San Francisco and Los Angeles.
HOUSTON-Owners of five flex properties secure an aggregate $20.4 million in financing packages arranged with the Lutheran Brotherhood and Sun Life Assurance of Canada. Horsham, PA-based GMAC Commercial's Houston office structure the packages.