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AUSTIN-Hilton Hotels Corp. has finalized a 15-year pact to manage Austin's 800-room convention center hotel. The city's largest hotel, which has broken ground in the past week, will be up and running in January 2004.
WASHINGTON, DC-In the Weekly Mortgage Applications Survey for the week ending June 8 the market composite index of mortgage loan applications, the measure of loan purchases and refinances, are up from the previous week.
KISSIMMEE, FL-Land Title & Survey's local office, occupying 1,200 sf, is blending into the Downtown branch of Fidelity National Title Insurance of New York's 3,000-sf quarters at 50 W. Oak St., less than a mile away. Kissimmee is 20 miles south of Downtown Orlando.
ATLANTIC CITY, NJ-The 25-year saga of adult magazine publisher Bob Guccione's effort to cash in on this casino craze will apparently end quietly, with with the sale of two choice tracts forced by lender Kennedy Funding.
LONDON-The UK planning system has come under attack from the Confederation of British Industry. Digby Jones, director-general of the employers' body said the inefficiency of many planning departments was thwarting growth.
BOSTON-The mayor states he is interested in exploring the idea of rebuilding Fenway Park. The mayor's office and city hall have been supportive of the $665 plan to build a new Fenway Park.
DEARBORN, MI-A move of the corporate headquarters and consolidation are among Visteon Corp.'s ideas to deal with the current economic slowdown. Their headquarters here is the workplace for 460 employees.
SOUTHFIELD, MI-The Chicago-based real estate firm focusing exclusively on the business space user moves to the center of Southeast Michigan market activity. The office previously had been located in Bingham Farms, MI.
HOUSTON-RCA Holdings Ltd. has secured slightly more than $192 million for its multifamily portfolio, totaling in excess of 5,102 units in 18 complexes. The developer-owner is eyeing more buys in major US markets.
PISCATAWAY, NJ-The proceeds will be used by Blumenfield Development to buy the 74,000-sf asset, which is currently 100% occupied by a single tenant. Goldman and Co. arranged the financing.