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NEW YORK CITY-Insiders and observers tell GlobeSt.com the unsubstantiated rumors, that Silverstein benefited in its bidding and negotiations for the World Trade Center from an alleged historic favoritism are simply ridiculous.
SAN DIEGO-Fears that the state's power shortage will halt the real estate boom are unfounded--at least for now. However, one of the region's leading tenant representatives, says other forces at work could damage the market.
ST. PAUL, MN-Metro Council chairman Ted Mondale credits urban renewal and smart growth policies for population increases in Minneapolis and St. Paul. The growth of 29,000 in the '90s reverses longstanding trends.
SILVERTHORNE, CO-A Canadian-based development company has picked Silverthorne Mall for its inroad into the US real estate market. The 257,878-sf retail center, which is 88% occupied, brings in $112 per sf for seller Prime Retail.
MIAMI BEACH, FL-Discussions continue over the possible acquisition of an $11 million warehouse in the city's Wynwood community, but the developer is considering other sites for the back-lot unit of a proposed $153 million movie-TV-music studio project.
ST. PAUL, MN-Lawmakers say, though, it's not high on their list of priorities this session even though Twins officials claim the team would end up paying 83% of the cost of the $300-million ballpark.
VANCOUVER, WA-The project calls for a 220-bed hospital, a six-story medical office building and a 600-vehicle parking garage. The hospital would be the first one built in Washington in more than 20 years.
ASPEN, CO-The upscale Aspen Club Lodge lands a new owner and management company, a move coming shortly after completion of a $2-million renovation. Northridge Capital has bought the property from IRG Aspen LLC. The deal puts Kimpton Hotel and Restaurant Group in as manager.