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DENVER-GlobeSt.com learns Matrix Capital Bancorp is the buyer for the unique looking building next to the Colorado Convention Center. But the deal may be in jeopardy if the city condemns it for the $268-million expansion of the convention center.
SEATTLE-Seattle Federal Home Loan Bank has re-elected Dick Swanson to its board of directors. Swanson is chairman and chief executive officer of the regional bank HomeStreet, formerly Continental Bank.
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.
PHOENIX-Desert Ridge Marketplace is close to leasing all of its 1.2 million sf of retail space. And, the project is still six months away from being fully opened. Potential growth and location spark the retailers' race for space.
HOUSTON-Caldwell Watson will kick off another college center project, a 52,000-sf undertaking with North Harris Montgomery County Community College District. The Cy-Fair College Fairbanks Center will deliver in March 2002.
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.
AUSTIN-The city's available sublease space is continuing to rise, according to the latest accounting. Buls/Hodge Consulting says it's hit 2.2 million sf. Signing incentives are creeping into the market as sublessors vie for tenants.
HOUSTON-Three coffeehouses and development rights for six more have changed hands in a $1-million deal between Irvine, CA-based Diedrich Coffee and Seattle-based Magna Cum Latte. The sell-off is for Diedrich's entire Texas portfolio.