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ATLANTA-The Houston developer is putting a hotel project on hold at mixed-use Overton Park, Interstate 75 and the Kennedy Interchange. Stringent lending guidelines on new lodge construction led to the change in plans, insiders say.
CAMDEN, NJ-The proposed venue would include several entertainment (including a minor league hockey team) and recreational uses but, unfortunately for this struggling city, the facility won't be built here.
ATLANTA-The 55-year-old, Toronto-based engineering, consulting and management firm, with a three-year-old Atlanta presence, is relocating its U.S. headquarters to 66 Perimeter Center East from Chamblee Tucker Road in July. The five-year lease has an estimated aggregate rent value of $2.1 million.
ANAHEIM-Voit Development Co. has snatched up the 340,000-sf, nine-building complex here in a deal valued at $7.4 million. The seller was Black & Decker Co., which purchased Kwikset Corp. in 1989.
AUSTIN-The 200-unit Vintage on Town Lake might have its OK from the planning commission, but Austin City Council wants more input. Additional hearings could surface in the next few weeks, says the developer's representative.
SAN DIEGO-On a day that the federal government imposed renewed price controls on electricity in the West, Gov. Gray Davis announced an agreement to erase a $750 million debt run up by San Diego's public utility.
HOUSTON-Entertainment Technologies & Programs is taking its military show on the road, opening its first civilian store near NASA in the city's far southeast submarket. The 4,100-sf location will sell sound and video equipment.
ORLANDO-William J. Zylka, the purported owner of locally based Evergreen Security Ltd., a fraud-tainted mortgage securities-backed investment fund, remains in a Manhattan, NY jail. He and two associates are charged with planning and executing the biggest Ponzi scheme in Florida's 182-year history.
NEW YORK CITY-Bob DiChiara of World Trade Center Associates here shares his insights and experiences in the to smoke or not to smoke battle with GlobeSt.com. He relates that the expense in creating smoking space is often prohibitive.
WASHINGTON, DC-Hospitality Properties Trust purchased the four hotels, located in Hawaii, California and Washington State. Marriott International will continue to operate the hotels under a long-term management agreement.