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DENVER-Matrix Capital Bank, the fourth-largest savings and loan in New Mexico, may move its headquarters and a retail bank to Denver within the next six to nine months. The bank's parent already is headquartered here.
PALO ALTO, CA-The online publication that collects, summarizes, and publishes opinions on hotels, resorts, and inns says it will restrict entries in the Brokerage Services section of its website to agents with hotel industry experience.
MONTICELLO, NY-The Stockbridge-Munsee Band of Mohican Indians plan to develop a $500 million casino development here, despite a recent court decision that has been seen as a blow to gaming interests in New York State.
SANTA ANA, CA-The sale of the largely vacant 166,616-sf office complex here, for which the new owner is seeking "either a school or a business," marks the second significant transaction to take place within Orange County in the past week.
ATLANTA-Effective rates for new leases rose just 2.8% during the first quarter, according to the Dallas-based M/PF's newest analysis. Previous annual rent growth had hovered between 4% and 5% from late 1998 through early 2000, before heading downward in recent months.
BATAVIA, IL-Pechiney Plastic Products and Leggett & Platt take 227,200 sf in two speculative buildings in Ridge Realty Group LLC's Batavia Industrial Center in this far west suburb. Another 57,600 sf is available.
HOUSTON-As promised, Crescent has at last revealed the identity of its newest tenant at the under-construction 576,964-sf 5 Houston Center. A long-time tenant of Crescent properties, the Dallas-based law firm of Jenkens & Gilchrist, is joining the mix.
ANAHEIM, CA-The North Orange Community College District has acquired the 270,000-sf Martin Luther Hospital. It plans to renovate the vacant building to accommodate classrooms, offices, a mail processing center and other services.
HOUSTON-Cooper Cameron is moving from one TPMC Realty-owned building to another, taking 66,750 sf in Park Towers South, one of two structures totaling 540,000 sf. The Houston-based manufacturer is eyeing a September move-in for its office staff.
MIAMI BEACH, FL-American Riviera Real Estate Co., headed by Ronald Bloomberg, wants $1.5 million for a slightly more than a quarter of an acre parcel (12,500 sf) the city needs to complete its prized cultural campus. Commissioners vote on the price today.