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BLOOMINGTON, MN-After a brief stint at Ryan Cos., Mark Sims rejoins his old firm as vice president in the company industrial brokerage group. He worked on business parks in Brooklyn Park, MN and Shakopee, MN.
HOUSTON-General Stevedores has taken 90,618 sf in a three-building cluster near Houston's ship channel. The property at 601 McFarland is situated in a submarket bearing a 4.2% vacancy and boasting rental rates of 38-cents per sf for warehouse space.
ADDISON, TX-Silver Cinemas International and Oaktree Capital have inked a $40-million definitive agreement that would pull the theater chain from bankruptcy. Under-performers might close. The popular Inwood Theatre is sure to make the buyer's cut.
AUSTIN-Fired Up has struck a franchise deal with a major player in the United Arab Emirate. Four UAE eateries will be opened under the pact, which had been signed on the eve of today's Johnny Carino's Nile City riverboat opening in Cairo.
AUSTIN-Angelos Angelou will start reviewing data to see if a revision is in order for his popular annual forecast. The city's economy is still growing, the jobs are still coming, but market changes could alter his 2001 outlook.
DETROIT-The state is seen as a leader in course development as well as the number of golfers. But golf courses may be getting overbuilt, says an expert, with the number of golfers leveling off.
WHITE PLAINS-Westchester County Executive Andrew Spano has signed a bill into law that is geared to discourage travelers from taking early morning flights out of Westchester County Airport.
VIENNA, VA-In an asset exchange, Prentiss Properties now owns six northern Virginia office buildings that had belonged to Brandywine Realty Trust. Brandywine took ownership of Prentiss' properties in Pennsylvania, New Jersey and Delaware.
PHOENIX-The struggling national economy placed enough doubt in the minds of office lessors during the first quarter that there was negative net absorption of space and the vacancy rate rose by one percentage point, according to a new survey.
ST. PAUL, MN-Dallas-based Centex expected to unveil its strategy to handle a 500-year flood this week. Construction of 580 housing units and 23,000 sf commercial space is on hold after the Mississippi River crested at 23 feet.