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DALLAS-Haves and have-nots are waging a battle over space. The battlefield is in bankruptcy court. Would-be tenants think it's a spot for discount rates for multiple sites and the court still believes 95 cents on the dollar can be recouped.
PRINCETON, NJ-Lawrence Zirinsky Associates, now operated by the third generation of the Zirinsky family, has bought out the remaining interest in an office park here from its former joint venture partner, the estate of Rodman Rockefeller.
LEESBURG, FL-This twin-screen, 64-year-old, 540-seat emporium is raising the curtain again in June as a karaoke lounge on one side and live stage performances on the other.
CHICAGO-The largest illegal dump site identified in a Federal sting operation that resulted in bribery convictions of elected officials is now home to a 660,000-sf factory and distribution center.
MINNEAPOLIS-Planning alliances between areas are one way to go, says Eden Prairie, MN Mayor Jean Harris. Inner cities and inner-ring suburbs in general are "better off than people think they are," adds William H. Hudnut III, former mayor of Indianapolis.
SEATTLE-One of British Columbia's largest commercial developers used a regional networking event of corporate real estate executives to announce development of Tech-Park, a 2.5-million-sf project labeled the first fully integrated, power smart high-tech business park in North America.
NEW YORK CITY-Over the weekend NAR accepted a bid for a local chapter, which may spur a future MLS. REBNY, the three largest residential firms here and the Downtown Brokers Association are also starting listing initiatives.
LOS ANGELES-Pivotal Century Plaza Hotel LLC spends $70 million on the Century Plaza Hotel and another $40 million Saint Regis, neighboring hotels fronting the Avenue of the Stars. "We have created an urban resort," says company founder Francis Najafi.
ORANGE COUNTY, CA-A Burbank-based real estate syndicate pays $11.1 million for 103,789-sf industrial complex in Placentia, the latest sign that investors are still bullish about the region even as the national economy slows.