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CHARLOTTE-North Carolina has already spent $13 million and expects to pay $10 million more to private landowners for the Greyhound bus terminal site where the new five-platform structure will be built.
PORTLAND-Occupancy dropped last year as the market continued to soak up five new hotels in the past four years. So far this year, hoteliers in select areas are sounding a little happier. Then again, more hotel rooms are on the way.
SAN ANTONIO-A New York-based asset disposition firm is hawking HomePlace leased sites at La Plaza Del Norte and Fiesta Trails. Each location is 53,000 sf and is ticketed to go in line with a Chapter 11 bankruptcy reorganization that has 38 sites in 17 states up for grabs.
JERSEY CITY-A developer is seeking a tax exemption for the first of two high-rises it plans for a site near the Harborside Financial Center on the Hudson River waterfront.
LIVINGSTON, NJ-Located in four South Jersey communities, the multifamily properties total 455 units. The deals for all four properties were closed in a one-week period. While the company is located here, the properties are in various locations in South Jersey.
MACON, GA-Locally based Technicon Engineering Co. paid the Macon Urban Development Authority $250,000 for the former 53,000-sf, four-story McKesson-Robbins office building where it plans to relocate 100 staffers by yearend. Macon is 85 miles southeast of Downtown Atlanta.
ATLANTA-A market glut of telecommunications facilities is forcing the developer to change course and raze the landmark Ivan Allen Building. Parking is more valuable than telecom space, the developer figures.
EULESS, TX-A 12-location physical rehab chain in the Dallas-Ft. Worth metroplex is moving its corporate headquarters. The March 1 puts the chain into an 11,543-sf property at 310 S. Industrial Blvd., owned by Bardin Square Investors.
NEW YORK CITY-Standard & Poor's has alerted investors that a potential fallout in Vornado's rating may be coming because of the price tag of the World Trade Center deal, but insiders says this won't change the outcome of the deal.