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BOSTON-The city acquires the largest parcel it needs to make room for the convention center being built here. The city has now acquired 75% of the 60-acre site, but 11 cases are still pending in court.
AUSTIN-Conn's already has signed it second lease in months, this time taking a 25,273-sf spot in Capital Plaza. The appliance retailer also has two parcels under option, where plans are afoot for freestanding stores in the region.
SAN MARCOS, CA-Carlsbad-based GMS Realty is vying to develop a 26-acre site at San Marcos Boulevard and Grand Avenue. About 12 developers have submitted bids to lease the city-owned property.
SEATTLE, WA-Despite the physical damage caused by the earthquake and the emotional damage caused by the riots, commercial real estate in one of Seattle's oldest neighborhoods is still going strong.
DALLAS-Matthews Southwest is accelerating plans to redo a four-story, 80,000-sf building in south Dallas as a result of two signings for half of the space. The North Texas Opportunity Fund is relocating two businesses' headquarters as soon the work is done.
ATLANTA-A thriving Atlanta retail market has attracted a third Cost Plus World Market store to the city's suburb of Fayetteville. The 18,000 sf property, developed by Fourth Quarter Properties, is the chain's 132nd store and the fifth the firm has opened this quarter.
NEWPORT BEACH, CA-The so-called GreenLight initiative overwhelming passed by voters last November will require voter approval of certain projects before amending the city's General Plan to include them.
PHOENIX-With an overall growth rate of 40% in the state during the '90s, nearly all cities in Arizona grew. New residents flocked to the outlying cities, however, and suburbs grew more than the established core.
ORLANDO-Trammell Crow Co.'s John M. Crossman says changes in tourist flow, anchor tenant migration and the debut of high-end product could quickly alter Central Florida's 46 million-sf market currently at 93.6% occupancy.
CHARLOTTE-United Airlines is hoping for Justice Department approval of its proposed $116-billion buyout of USAir which carries 90% of Charlotte's passengers.