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ATLANTA-The University Financing Foundation plans to pay for the 15-acre Midtown Park project with revenue bonds approved by the Atlanta Development Authority. Yamacraw, Georgia's technology economic development group, will be housed in a five-story, 210,000-sf building in the park.
ORLANDO-Prominent speakers at the Feb. 21-25 international winter conference here of Corporate Facility Advisors International Inc. are Winter Park economist Dr. Henry Fishkind; real estate futurist Michael Lipsey; Economic Devlopment Commission of Mid-Florida Inc. executive director Darrell Kelley; and Realvest Partners Inc. founder/chairman George D. Livingston.
PORTLAND-Williams-Sonoma is leaving the downtown indoor mall, taking its Pottery Barn and Hold Everything stores with it, and Scribner's is already gone. But the vacancies are being backfilled by the watch company Fossil, Waldenbooks and International Toys.
HOUSTON-Weingarten Realty Investors is undertaking another Louisiana project. It marks the fifth development for the retail center developer in Lake Charles, where Weingarten has had a vested interest for 47 years.
BURLINGTON, MA-Competitive Computing, an eight-year-old Vermont-based company, is entering the Boston area by opening an office here, just 40 minutes from the city. The company is a provider of business technology solutions.
MIAMI-Locally based Terranova Corp. estimates overall office vacancies dropped in 13 submarkets to 10.56% in 2000 from 10.7% in 1999. The average asking rent increased to $22.04 per sf from $21.38 per sf. Average prices paid for office assets dipped by 2% to $80.46 per sf from $82.18 per sf.
ORLANDO-The team's ownership group is on record that the 11-year-old National Basketball Association team isn't considering moving or being put up for sale until it resolves a controversial new arena-construction issue.
BOSTON-Children's Hospital here is beginning construction on a $130 million, 295,000-sf research building. This is the hospital's first major renovation in over ten years. The space will open by the spring of 2003.
BLOOMFIELD HILLS, MI-Pulte Corp. says it will change its name to Pulte Homes Inc. The name change is part of the company's national brand initiative, which has included a national home sweepstakes.
WARREN, MI-The former war supply headquarters here will now provide help to automakers. Noble International Ltd. of Detroit is expected to sign a lease with Carpenters' Pension Trust fund by the end of March.