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PHOENIX-The turnaround that occurred in the Valley's hotel market during 2000 may be short-lived if the economy continues to slide, but there are positive signs for the market, according to the new survey.
CEDAR FALLS, IA-Two loans on apartment complexes here closed recently for $2.925 million. The projects refinanced by low-income housing tax credit loans through Bethesda, MD-based AMI Capital, Inc.
DENVER-The Northglenn Mall redevelopment is adding Bed Bath and Beyond to its tenant lineup. The popular retailer is eyeing a July opening for the project, a $50-million undertaking that's been under construction for more than two years.
HOUSTON-Two deals have racked up 342,808 sf for Weingarten industrial brokers. The largest tenant that has been snagged is Southern Warehouse Corp., which counts Compaq as one of its clients.
ROSEVILLE, MN-A scaled-down proposal is expected to fly after the city nixed an earlier plan for expansion that was opposed by the neighborhood. The approval is expected to help increase occupancy from 80% to 96%.
DALLAS-Koll Development is getting ready to tackle another building at the 1,300-acre, master-planned CentrePort. This time, the strategically positioned business park will be getting a 125,110-sf flex-office building.
MINNETONKA, MN-The e-Business and technology solutions consulting firm's 540 employees will work in a 128,000-sf building owned by Carlson Real Estate Co. It is part of a consolidation that started last June.
DALLAS-Small- and mid-size businesses have a new partner available in 13 US markets to help bridge the Digital Divide. Dallas-based Allied Riser Communications is rolling out its product in 13 markets, with an eye on more. Each city has its own IT staff.
ATLANTA-Grubb & Ellis Co. reports the area's 368 million-sf inventory improved its vacancy rate to 8.6% from 9%, but expects vacancies will jump by 1% in the first half of this year due to a mix of economic and market factors.
LOS ANGELES-A subsidiary of Korean conglomerate Hanjin pays $5.75 million for the 55,000-sf development and plans to convert it into a giant kitchen to make airline food.