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LOS ANGELES-Locally based Hilton and other big names downgraded by UBS Warburg. Concerns include slowdown in revenue growth and travel cutbacks initiated by some large corporations.
ST. PAUL, MN-The subsidy is part of a $20-million plan to fix up and scale back the Downtown St. Paul department store. The retailer will use $12 million of its own money in the renovation.
ORANGE COUNTY, CA-Tighter lending standards pushed the number of newly built lodging facilities in California last year down nearly 40%, a research firm says. More of the same is expected in 2001.
FLORHAM PARK, NJ-A key NJ real estate player has set up NYC offices for its property management and construction divisions and recently bid on the WTC.
ST. PAUL, MN-The 224,000-sf building is sold for $73 per sf by the St. Paul Port Authority, which acquired it after the developer ran into cash flow problems in the early '90s. The building currently is 10% vacant.
HOUSTON-Weingarten is eliminating non-strategic assets, with Houston's Bellwood Shopping Center among the first to go. The revenue will be pumped into retail properties more in keeping with the REIT's growth strategy.
ORANGE COUNTY, CA-Tighter lending standards pushed the number of newly built lodging facilities in California last year down nearly 40%, a research firm says. More of the same is expected in 2001.
DENVER-The Denver NAIOP chapter is a shining example for others, growing by more than 20% in the past year while the city's urban turnaround is one to be envied nationwide. At least that's the assessment from NAIOP president Thomas Bisacquino.
BINGHAM FARMS, MI-The retail REIT promotes Elliott J. Broderick, Alan K. Warnke and Karen L. Zoltowski. They have a combined 35 years with the company that owns and manages 64 retail properties in nine states.
LOS ANGELES-Industry leaders say ethnic and gender balance are good for business, and they're willing to go the extra mile to recruit and retain women and minorities.