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ATLANTA-Hospitality officials are optimistic, however, that overall reservations in metro Atlanta should be on par with last year, as they benefit from convention and trade show business, and tourists staying closer to home.
AUSTIN-CB Richard Ellis' market leaders in Austin and Houston have walked away with top honors in a company competition. It's the first for Jerry M. Frey of Austin and second for Houston's William Penland. Only 16 managing directors out of 150 have snagged the award.
THE WOODLANDS, TX-St. Luke's Episcopal Health System starts pushing dirt today on a 263,000-sf facility in The Woodlands. The 82-bed satellite facility delivers in 2003 and will fill a large void, say officials.
PHOENIX-Already considered the toniest address in the Valley for office space, the intersection of 24th Street and Camelback attracts two more major corporate tenants.
BOSTON-One analyst anticipates about 200,000 sf of space returning to market, which will drive up vacancy rates. Nonetheless, the local market is in good shape and is expected to improve slowly after the summer.
DALLAS-Lee Thurburn, former founder and CEO of FlashNet Communications, says he's been courted by many since he's sold the 400-employee, 250,000-customer operation. Web Real Estate is the winner as it preps for that same rapid growth.
SOMERVILLE, MA-A petition to build a Home Depot on the site of the former Assembly Square Mall here has been denied by the Zoning Board of Appeals. The developer argued that use of the site would not have been significantly altered.
DETROIT-In a recent speech, Mayor Dennis Archer foresees more commercial, residential and retail development in the city despite the current "pause in recent economic expansion.
SEATTLE-In an effort to keep aerospace giant's world headquarters on the West Coast, representatives from Los Angeles Mayor Richard Riordan's office have suggested four potential real estate sites to Boeing in a variety of Southland areas.
KANSAS CITY-Officials hope the exhibit and traveling store increase admissions and sales at refurbished Union Station during its five-month run. A Union Station restaurant is named for a guest of honor at the Titanic launch.