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BEND, OR-Says a source at The Pape Group, which lost the battle despite offering as much as $6,000 more per share than Powdr Corp.: "Four directors made a decision that will cost all shareholders a lot of money.
AUSTIN-Within three weeks, construction will begin on San Clemente @ Davenport, a 49-acre office park being developed by Hill Partners. The project will be developed over the next four to five years and ultimately deliver 800,000 sf.
DETROIT-MDOT officials still seek a new $182.9-million terminal to be used by four major railroads that run through the area, which would replace Junction Yard in Livonia, where owners aren't interested in expanding.
SAN DIEGO-City officials say relocation benefits sought by 12 tenants facing eviction at the former Naval Training Center aren't likely to be forthcoming.
DETROIT- James C. Bieri is co-chairman of the Urban Land Institute program committee, Detroit regional district council. Meanwhile, Robert Boyle is director of corporate development at Bieri and Associates.
HOUSTON-Bandwidth commodities trading and the potential of data storage commodity trading are pushing Houston into the forefront as a high-tech center. And, says one broker, the demand's sure to get even stronger.
CHARLOTTE-The city is lobbying for a new version of a plan to keep the NBA Hornets in town. A tight timetable for legislative acceptance may make the proposal unlikely.
ST. LOUIS-Plans call for new $370-million stadium for the team, but could spur the development of 400 housing units, 400,000 sf of office space and 135,000 sf of retail and restaurant space--plus a museum and aquarium.
HOUSTON-A Pennsylvania-based high-tech company has taken up residency near NASA in a 399,000-sf power-packed structure. Eduneering has inked a 13,836-sf lease in a TrizecHahn property that has Lockheed Martin and AT&T as tenants.
NEW YORK CITY-Barnes & Noble took the last three years of Conran's lease for 40,000 sf of space when the furniture retailer went bankrupt. Comparable space goes for $35 per sf.