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MIAMI-An affiliate of Chicago-based Transwestern Investment Co. is building 14,000 sf of leaseable office space atop 16,000 sf of new retail in CocoWalk, a popular, 186,000-sf entertainment complex the company acquired last year in a mostly residential community just south of Downtown.
HOUSTON-Williford Property has snagged another Simmons, Vedder property to manage. This time, the contract takes the Houston-based group to Atlanta, where it will oversee a 31-story, 286,000-sf office structure in the downtown.
ORANGE COUNTY, CA-Tighter lending standards pushed the number of newly built lodging facilities in California last year down nearly 40%, a research firm says. More of the same is expected in 2001.
LOS ANGELES-Opus West Corp. starts construction of 126,000-sf complex in the South Bay community of El Segundo, where vacancies continue to plunge and rents keep rising.
SAN DIEGO-The mantra for the San Diego County commercial real estate market in 2000 was "demand, demand, demand"--with no immediate sign of slowing this year, according to Stath Karras, president/CEO of Burnham Real Estate Services.
ATLANTA-The locally based extended-stay hotel owner/franchisor scales back the number of anticipated hotel openings in 2001 because of the slowing economy and tight hotel financing.
CLINTON, MS--The voice and data services company is eliminating positions across the board and not specifically in its long-distance sector as industry experts had speculated, Reuters reported Wednesday. WorldCom officials could not be reached for comment at GlobeSt.com's publication deadline.
ORANGE COUNTY, CA-R.W. Selby & Co., which oversees 17 properties across Southland, will refund $450,000 to tenants who may have been overcharged for cleaning and repairs after they moved out.
PALO ALTO, CA-A year ago, there were1200 new companies that had an average of $13 million to 14 million in invested capital. With that kind of action, vacancy was no more than 3% from South San Francisco all the way down the Valley. Then the bubble burst.