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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.
SANTA CRUZ, CA-A source at Texas Instruments says he expects the property to realize a competitive rate for the 242,000-sf building. The value of a semiconductor manufacturing plant is approximately $300/sf, according to area real estate brokerage firms.
STAMFORD, CT-Barry F. Hersh, former vice president of the Brookhill Group, has been named associate director of the Steven L. Newman Real Estate Institute of Baruch College of the City University of New York.
SAN FRANCISCO-A 19-acre opportunity opened up at the foot of Telegraph Hill and two developers--Virginia-based Mills Corp. and Chelsea Piers--are head to head over which will get the chance to develop it.
FT. WORTH-It's just a small office, but a significant one for The Staubach Co. The Dallas-based firm has opened a Ft. Worth office, primarily to be close to one of its largest clients. Burlington Northern Santa Fe contracts with the firm to handle its more than 10,000 leases.
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.