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DALLAS-There is less construction in the hotel industry than in years past, but it's not bad news, say Texas experts. Demand and supply remain in check. Texas metropolises, save for Austin, aren't feeling the hit from corporate travel cuts.
NEWPORT BEACH, CA-Newport Beach-based Clark Management & Development has tilted the walls on two Santa Fe Springs industrial buildings totaling 63,000 sf. Completion is set for August.
FRANKLIN PARK, IL-The facility, located about one mile south of O'Hare International Airport that had been 57% occupied for the past two years, has been sold by Kansas City-based Maxus Realty Trust, Inc.
FT. WORTH-The Dallas-based Maple Avenue Economic Development Corp. has taken control of the 155-unit Palm House Apartments in Ft. Worth. The property had carried a $5.4 million asking price in a divestiture of the seller's holdings.
ST. PAUL, MN-The 18-year-old plant heats and cools 146 buildings in Downtown and is planning to add a $52-million plant that would burn waste wood. The president says the plant is a model in efficiency and affordability.
BELLEVUE, WA-Eastside Sports and Entertainment hopes to construct a 7,000-seat sports facility that would house soccer, semi-professional hockey plus a 2,000-seat auditorium for dramatic arts.
SOUTHEAST, NY-The developer of $40 million "the Highlands" retail power center here reports that 280,000 sf of lease deals have been secured at the project, which is now under construction.
MIAMI-GlobeSt.com offers readers a chance to respond to articles. One reader--whose property was the subject of a recent article--states his concern that the reporting was less than balanced. The editors welcome your comments and thoughts. Letters might be edited.
SAN DIEGO-The temporary help agency that surveys employer attitudes toward hiring is reporting the local employment market should remain strong this summer, as 48% of companies surveyed plan to add to their work forces between July and September.
CHICAGO-It's not gloom and doom at the inns, but the numbers have changed on the local hotel market. One benefit of tough construction financing is less competition coming on the market.