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ORLANDO-Dean Saunders, owner of Lakeland, FL-based Saunders Real Estate and a former member of Florida's House of Representatives, says the illegal practice makes it difficult for professionals to compete on a level playing field.
ROMANA, CA-A 4,332-acre multi-use project has been rejected by the county planning commission because the developer's plan failed to consider enviromental impact and access issues. The plan could go to County Supervisors for consideration anyway.
POMPANO BEACH, FL-The 85-acre industrial distribution site near Interstate 95, about 32 miles north of Miami, shows no sign of market slowdown as tenants await the certificate of occupancy on the development's first new building.
SPOKANE, WA-While vacancy rates had been hovering around 5% the past few years, according to a recent survey they have tightened up to 3.25% in class A buildings in the Downtown core.
BOSTON-A recently released study indicates that this area's hotel market is growing while the national hotel market is on the decline. Lodging Econometrics, which conducted the study, says that Boston will probably experience a softening of occupancy in 2001.
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.
ATLANTA-The locally based operating subsidiary of Post Properties Inc. closes on 6.71% senior, unsecured five-year notes, rated BBB+/Baa1 by Standard & Poors and Moody's.
EAST WINDSOR, NJ-The Portuguese pharmaceutical company will move from nearby Princeton to a 30,000-sf facility here that will begin construction later this year. A 2002 completion is slated.
NEWARK-ReNEWal Realty, which specializes in the return of brownfields to commercial or industrial use, has leased an undisclosed amount of space in the Gateway Center complex. The company is relatively new at four years old.