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AUSTIN-Backers of an election reform bill have gotten their just reward for a year of hard work. Senate Bill 79, if signed into law, could put elected officials in place who represent the will of the majority. And, that could be good news for developers.
ATLANTA-The locally based power company was among the utilitizes Gov. Gray Davis scolded for overcharging customers. Davis urges the firms to accept lower payments but Mirant officials note the firm is owed $300 million in unpaid bills.
AUSTIN-A three-building industrial project will break ground within a week at Southpark Commerce Center, which has just had the last of its bulk warehouse space leased. Transwestern is developing 424,950 sf for property owner, State Farm.
CHICAGO-Proving it's not how you start, but how you finish, indications are that Boeing Corp. will move its executive suites from Seattle to 100 N. Riverside Plaza in the West Loop. An announcement could come today.
CHICAGO-Kmart would get a $3.7-million loan as part of a tax increment financing deal to help build a 135,000-sf store on 10.74 acres on the east side of Western Avenue between 60th and 61st streets.
SAN FRANCISCO-A comparison of February hotel occupancy rates with the same month last year shows a slowdown in existing Bay Area hotels, but top-tier hotel development here remains brisk.
DALLAS-Solomon Partners is locked in talks with a tenant for 25% of its redo of two abutting historic buildings in the CBD. The $2-million makeover is drawing to a close after a year of work to convert the buildings into retail and office space.
PISCATAWAY, NJ-The electronics/telecom giant vacated its 145,000-sf building, and the CB Richard Ellis brokers who arranged Motorola's new lease sold its old building just one day later for owner Townsend Property Trust.
ORANGE COUNTY-All three sectors of the regional economy--high-tech, tourism and construction--are expected to slow down in the second and third quarters while construction will continue to give the county an economic boost, according to a recently released economic forecast.
BOCA RATON, FL-Brokerages such as locally based Atlantic Realty Partners are reporting new highs in their volume of property sales. Institutional and private investors are scouting the state for trophy apartment communities.