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ATLANTA-The soft drink company is buying the parcel at the 45-acre Northyards Business Park for an estimated $4 million or $353,982 per acre ($8.13 per sf), brokerage sources intimate with the transaction tell GlobeSt.com. The deal is expected to close no later than year end.
DENVER-A stalemate between the Republican-controlled house and the Democratic-run Senate during a special legislative session paves the way for other growth initiatives on the ballot this November.
SCOTTSDALE, AZ-GE Capital and Goldman Sachs have agreed to provide about $7 billion of liquidity for the Scottsdale-based Finova Group, pending the outcome of due diligence. The construction lender has been in Chapter 11 bankruptcy since March.
WASHINGTON, DC-George Washington University, located here, has issued a report through its Aviation Institute, that contends the US is in serious need of investments in its infrastructure. It calls for extensive construction of modern traffic control facilities and runways.
ATLANTA-Increases in both weekly rate and the average occupancy rate contributed to the increases in the company's revenue per available room, the locally based firm reports. Average daily occupancy to April was 80.5% versus 80% in the same period last year.
AUSTIN-Office developers and hoteliers are sizing up Austin's CBD, where stalled projects and available land are prying open doors for would-be investors. If they wouldn't be looking, there'd be a real problem, says a city leader.
ATLANTIC CITY, NJ-The US Bankruptcy Court in Camden, NJ has recently issued an order confirming a Fourth Amended Plan of Reorganization pursuant to Section 1125 of the US Bankruptcy Code for Claridge and its partners.
AUSTIN-Lee Hecht Harrison, a global job placement firm, has made its way to Austin, eyeing laid-off workers from the dot-com industry. The company is just settling into its office at The Esprit III in the city's southwest submarket.
DALLAS-Cushman & Wakefield has promoted Elizabeth Trocchio to senior managing director in Dallas, a post that's been vacant for three months. Change is coming, she says. Retail, maybe an Austin office and uniting the Texas team are on the agenda.