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WHITE PLAINS-The Westchester County Industrial Development Agency voted unanimously to approve $70 million in preliminary bond financing to an affiliate of the Fortunoff chain for a new store at the current Saks Fifth Avenue site here.
PHOENIX-Oracle Corp. has inked a 15,400-sf lease in the prestigious Camelback Corridor for another Phoenix office. The signing will put the computer design and Internet firm into the Biltmore Commerce Center.
MCMINNVILLE, OR-The national owner and operator of grocery anchored strip centers is leasing 28 acres abutting Linfield College for one of its retail developments.
HOUSTON-The latest multifamily assessment from Marcus & Millichap is that Houston's market will grow considerably stronger by year's end. The research team predicts a 6% hike in rent and 14,000-unit absorption.
DENVER-The $147-million, 362,000-acute-care facility in fast-growing Douglas County will sport such amenities as fireplaces, a healing garden, helipad, and an outdoor dining patio. Almost 99% of the rooms will be private.
AUSTIN-Fry's Electronics is launching its first Central Texas location, a 100,000-sf big box at the Parmer Crossing shopping center. It's the 19th store in the CA-based electronic wares retailer's three-state portfolio.
LONDON-The availability of industrial space in England, Scotland and Wales continues to climb as manufacturing output drops for the second consecutive quarter. Yet agency King Sturge is putting a positive spin on the figures saying the industrial market does not appear out of balance.
LONDON-Lessons learnt by developers in the property slump of the early 1990s appear to have been well heeded according to research released today by agency Knight Frank. New speculative starts around the M25 have been put on hold.
ATLANTA-Locally based Noble Investment Group is receiving a mezzanine/acquisition and fixed-rate loan package from New York-based Lehman Brothers for the 11-story, 300-room Marriott cool Springs hotel in Franklin, TN.
MINNEAPOLIS-Dave Burrill will be responsible for managing Downtown office buildings and the developer's retail group. He has managed such properties as One Corporate Center, AT&T Tower and International Centers I and II.