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STEAMBOAT SPRINGS, CO-The owner of the ski resort here gets $16 million in cash and a guaranteed $14-million loan to avoid bankruptcy, and still hopes to sell its ski resort by the end of 2001.
DALLAS-A 43,200-sf lease and asset takeover is putting a new glass operator into Dallas. Arch Aluminum & Glass Co., which operates in 13 states, adds Texas in an August move-in to defunct D&S Glass Co.'s Intermart manufacturing site.
NEW YORK CITY-Along with an improving economy should come greater demand for fortress malls, which have a fashion department store, four anchor stores and sales of $450 per sf, predicts C&W's senior director of retail valuation.
AUSTIN-The Real Estate Council of Austin's latest survey concludes that Travis County residents would gladly pay more in taxes if they got better roads. The poll has a margin of error of plus or minus 4.9%.
HOUSTON-In the strapped telecom market, the 216,000-sf Houston Telecom Exchange has reeled in a big signing. Houston-based Apache Telecom's 70,542-sf signing takes the new class A product to 50% occupancy.
SEATTLE-The Federal Home Loan Bank of Seattle's initial $6.5-million installment will finance more than 1,000 new housing units in 10 states and American Samoa for homeless families; Native Americans, Alaskans, Hawaiians and rural workers.
ATLANTA-The locally based multifamily developer hits 100% occupancy at the 452-unit Vinings community located just off Interstate 285 in northwest of Atlanta.
RICHFIELD, MN-Developer Opus Northwest proceeds with the 1.5-million-sf office complex despite pending legal challenges from residents who object to the potential for more traffic and pollution.
MAPLE GROVE, MN-The regional planning organization for the seven-county area credits Robert Burlingame with promoting "smart growth" initiatives and perserving a mix of housing opportunities in the Twin Cities suburb.
BOCA RATON, FL-Sabre EL Ltd. pays about $9.7 million, or $98.05 per sf, for the class B/B+ office building in this Palm Beach county city, 42 miles north of Miami.