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WALTHAM, MA-While rumors abound about Polaroid's struggle to sell its office park here, Polaroid insists that negotiations are proceeding. The financially struggling company is considering selling some of its other holdings in this state.
VALLEY CENTER, CA-The Rincon Band of Mission Indians and the county have reached an agreement to kick in $7 million toward road improvements along Valley Center Road for its casino.
LOS ANGELES-Tejon Ranch Co. and Nevada's Dermody Properties plan a 650,000-sf speculative project on Interstate 5, as industrial space closer to Downtown LA gets harder to find.
ELMWOOD, KS-The project would have cost $130 million and generated 2,300 jobs but there was opposition to the plant from the beginning. Company officials gave no reason for their decision.
ORLANDO-Millionaire property owner and real estate investor Jim Veigle is petitioning the 5th District Court of Appeal. He wants a new trial after a state court threw out a request to have his revoked Casselberry, FL city license restored at Rachel's.
BOSTON-The firm's continued focus on its corporate advisory services is demonstrated with its promotion of Marilyn Rubbico to vice president and Ryan Hawley to associate. The two will provide various services to the firm's corporate clients.
WASHINGTON, DC-The housing market index, a measure of home builders' expectations, rose two points this month. According to the NAHB, low mortgage rates are offsetting declines in consumer confidence.
AUSTIN-A $200,000 grant is facilitating a down payment on a second office building for the Austin Symphony. The organization plans to move into the 1117 Red River location in 45 days although it's needs to come up with some matching funds for the donation.
DALLAS-The dissolved joint venture between Panattoni Development and Hillwood Development has disposed of nearly 1.9 million sf of top industrial space in Lewisville and Arlington. It's the first of the joint holdings to come to market.
RALEIGH, NC-The locally based company's directors have declared 28 cents per common share and 58 cents per preferred share for the first quarter, payable April 16.