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ORLANDO-Lower cost of capital and lower interest rates will trigger a slight increase in activity this year, but buyers aren't picking up bulk portfolio sales as they did prior to 1999, Ronald J. Rogg tells GlobeSt.com.
HOUSTON-The Houston Telecom Exchange is welcoming its newest tenant, Global One. The telecommunications service provider is occupying 25,000 sf in the 216,000-sf high-tech undertaking of Insignia, Koontz McCombs and Blackacre Capital.
ST. PAUL, MN-Differing proposals for state-run casinos will likely be a subject of hearings. One would create a Twin Cities casino run by the Minnesota Lottery; another a casino that would share profits with Indian tribes.
AUBURN HILLS, MI-General Development Co. uses brownfield redevelopment money to convert a former asphalt plant into a tax-producing property that will include 220,000 sf of industrial space worth more than $15 million.
PEARL RIVER, NY-The Rockland Economic Development Corp. has promoted Maryann Small to vice president of business development. Small has worked with the EDC here since 1995, most recently as its director of business development.
ITASCA, IL-The Seattle-based global logistics firm takes space at 1300 Arlington Heights Rd. in this western suburb. FCL Builders, based here, completed a major renovation in three months.
LAWRENCE, KS-Marisco's Grill & Bar joins two other recently opened restaurants on the west side of this city. The owner of Louise's Bar and two other sports bars has opened Marisco's Grill & Bar.
IRVINE, CA-An industry analyst says there is more parity today between REIT shares being traded on Wall Street and value of the underlying real estate.