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MOUNT AIRY, NC-Aggressive economic development boosters in Andy Griffith's hometown hope to fill growing industrial space with tenants such as auto parts suppliers food processing companies and other expanding businesses.
LOS ANGELES-A 25,362-sf industrial building in Harbor City has been snapped up by an investor, as small transactions continue to backfill the county's tight market for industrial space.
NEW YORK CITY-PricewaterhouseCoopers expects room demand to increase only 1.9% for the year and average daily rates to move up 3.8%, the worst performance since 1993. Prospects look better for 2002.
GRESHAM, OR-Up against the 120-day deadline for processing American Property Management's application for a 264-unit complex on its heavily wooded 12.5-acre property here, the City Council gives it a thumbs-up.
OLATHE, KS- First National Bank of Olathe's 10th branch will be 10,000-sf, free-standing structure with a $2.5 million price tag in the upscale Cedar Creek development. The bank just opened a branch in Shawnee, KS.
TRENTON-Eight communities will use the money to stabilize and improve neighborhoods considered "threatened but viable." Housing, storefronts and streetscape projects will all be targeted. The money will be paid as $525, 000 annually for five years.
PHOENIX-Although Arizona has increased its overall trade with the neighboring Mexican state of Sonora, it's losing ground to other border regions in the overall share of
ORLANDO-The NBA team hopes to support a claim that it is losing about $10 million a year playing in the 12-year-old TD Waterhouse Centre and could be profitable or breaking even in a new coliseum financed with taxpayers' money.
NORTHGLENN, CO-Jordon Perlmutter and Co. has signed off on a $41.5-million loan for the 659,772-sf Marketplace at Northglenn. NorthMarq Capital's Denver office has put together the financing package for the retail center owner.
FARMINGTON HILLS, MI-Malan Realty Investors, Inc. and Grand/Sakwa Acquisitions, LLC team up to redevelop a prime 90-acre site in this Detroit suburb. Phase I includes up to 370,000 sf of retail space.