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JERSEY CITY-But the event is clouded by rumors that discount broker Charles Schwab, which pre-leased all 575,000 sf of the waterfront building, is already shopping half of its still-to-be-built commitment as sublet space.
JERSEY CITY-Explosive growth, first along the waterfront and more recently in other parts of the city, is forcing officials to consider a new approach to development. The plan would focus on existing real estate functions.
DENVER-A Denver tradition is shuttering its doors on all but two stores after a 60-year run in the ice cream business. Dolly Madison will keep its W. 48th Avenue and Tennyson Street stores. At its peak, there had been 19 Dolly Madison locations.
ORLANDO-Developer Richard C. Kessler's $37-million, 250-room Westin Grand Bohemian Hotel debuts April 16 with average daily room rates of $150 to $225, unprecedented prices for Downtown.
BOSTON-The Greater Boston CVB is studying the level of interest in the proposed convention center here. The Bureau insists the study is not a response to a recently released report that questions the need for the center.
AUSTIN-Houston-based Epic Edge wants to shift its headquarters to Austin. The company is in the midst of talks for a spot near Southwest Parkway. The lease will facilitate a headquarters move and consolidation of Austin area satellite sites.
NOVI, MI-Fifty acres of wooded land at Wixom and Grand River roads here, valued at $8.4 million, is given to the school to create a larger campus. The land is near an industrial and retail area.
AUSTIN-River Asset Management has closed on a $5.8-million refinancing loan for its 252-unit Mark at Parliament Apartments in north San Antonio. The 10-year loan carries about a 78% loan-to-value ratio. The holding is 94% occupied.