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AUSTIN-The popular Alamo Drafthouse has signed a 10-year lease for its second theater location. Come late June, the owners will launch a second venue in the 17,000-sf Village Cinema in north Austin. First runs will continue.
LAGUNA WOODS, CA-A three-story medical building is planned for the 2.69 acres purchased by Mark IV Capital. The building is already 33% pre-leased with the completion of construction due by March 2002.
CHICAGO-Despite vaults of available capital, lenders are taking cautious approaches to deals, members of the Real Estate Investment Association are told at the annual capital and finance market update.
BOSTON-Colliers International, based here, says that despite the continuing volatility on Wall Street and the fears of a weakening US economy, the demand for commercial office space in major cities around the world remains strong.
SELMA, TX-SFX is strutting its newest entertainment venue, a 20,000-seat amphitheater located north of San Antonio. The 96-acre facility, under construction for 10 months, kicks off its season May 19.
STAMFORD, CT-The bearish attitude pervading Wall Street has crept into the psyches of many in commercial real estate here. Some even wonder if the hard times of the early 1990s will once again plague the Connecticut Gold Coast.
LOS ANGELES-A report by California's power czar says that electricity-generating companies manipulated the market to push prices higher. The state says some of the money should be refunded to commercial and industrial users.
SOUTHFIELD, MI-Two new team members well-versed in commercial development work are added to Ronnisch Construction Group's roster. Edwin Glynn is named senior superintendent and Bruce Kennedy superintendent.